Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is
Summit in japan, the u. S. And china agreed to hold off on levying more tariffs in an effort to get trade talks going again. Prheident trump also said u. S. Would relax restrictions on American Companies sellingts prod to Chinese Telecom giant huawei. As a result, stock got an initial lift. While the gains were more tha halved, it was still a record day. The dow rose 170 points. The nasdaq helped by the chip stocks rose about 85 and the s p 500 climbed 22 to are rd, its sixth so far this year. We have two reports on trade starting with Kayla Tausche in washington. Reporter after a sixweek standoff, President Trump and president xi brokered afi ceas in 80 minutes. Trump agreed to relax a ban on huawei in exchange for inas buying more farm goods and there will be no new taceffs. The t has no deadline, which means present trump cannd it whenever talks fall through or keep it going, telling reporters hes in no rush. So were making a deal with china, or were attempting. If we dont, we have