On Friday, following the announcement of poor jobs data, US stocks ended with not much of a change. However, the optimism regarding US-China trade relations is still the major driver. The S&P 500 rose just 0.1% to close at 2,978.70. The Dow Jones Industrial Average finished the day up 69.30 points at 26,797.45, while the Nasdaq Composite fell 0.2% to 8,103.06. On Thursday China’s Ministry of Commerce announced that Liu He, China's best trade negotiator, talked over the phone with the US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer and that they agreed to a meeting on October for fresh negotiations.
Oil is going up while OPEC cuts may be coming
Weekly Report - 09/09/2019