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Dow jumps by more than 200 points

February 12, 2019 at 06:11PM

U.S. stocks saw solid gains Tuesday morning, after lawmakers reached a tentative deal to prevent a government shutdown and optimism grew over a potential trade deal between the U.S. and China. How are major indexes faring? The Dow Jones Industrial Average DJIA, +1.33%  rose 240 points, or 1%, to 25,297, while the S&P 500 SPX, +1.20% added 25 points, or 0.9%, to 2,735. The Nasdaq Composite Index COMP, +1.30% jumped 81 points, or 1.1%, to 7,390.

Trade negotiations entered a second day Tuesday in Beijing, with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer due to arrive Thursday for more high-level discussions. A 12:01 a.m. Eastern time March 2 deadline is looming for an agreement to be struck between the two countries. Meanwhile, investors digested a new batch of earnings releases Tuesday, as fourth-quarter earnings season enters its final stretch.

The number of job openings in the U.S. reached an all-time high of 7.3 million in December, the Labor Department reported Tuesday. The share of Americans quitting there jobs held steady at 2.3% The Federal Reserve will issue a report on household credit growth at 11 a.m. In Asia, the Nikkei 225 index returned from a holiday to jump 2.6%, while the Shanghai Composite rose 0.6%, and most other indexes rose. The Stoxx Europe 600 SXXP, +0.46% was also in positive territory, while the U.K.’s FTSE 100 edged lower. Crude oil CLH9, +1.98%  was up, while gold GCH9, +0.05% is higher and the U.S. dollar DXY, -0.31% is falling slightly, relative to its peers.

Dow jumps by more than 200 points after tentative deal to avert another government shutdown, MarketWatch, Feb 12

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