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Wall Street set for higher open as U.S.-China trade talks advance
Hopes of a trade deal ahead of a March 1 deadline has helped the trade-sensitive industrial sector gain nearly 16 percent this year, making it the best performing S&P sector. "The market is predicated on a positive outcome from the trade negotiations, it's as if we are in a so-far-so-good phase in the negotiation process," said Art Hogan, chief market strategist at National Securities in New York. Another concern for markets was a threat by President Donald Trump to declare a national emergency in an attempt to fund his U.S.-Mexico border wall without congressional approval.
https://finance.yahoo.com/news/wall-street-set-higher-open-135451883.html?.tsrc=rss
Hopes of a trade deal ahead of a March 1 deadline has helped the trade-sensitive industrial sector gain nearly 16 percent this year, making it the best performing S&P sector. "The market is predicated on a positive outcome from the trade negotiations, it's as if we are in a so-far-so-good phase in the negotiation process," said Art Hogan, chief market strategist at National Securities in New York. Another concern for markets was a threat by President Donald Trump to declare a national emergency in an attempt to fund his U.S.-Mexico border wall without congressional approval.
https://finance.yahoo.com/news/wall-street-set-higher-open-135451883.html?.tsrc=rss
