Stocks move higher in Toronto as financials, industrials and materials rise

New York City. The Dow Jones Industrial Average dropped over 230 points at the time of the closing bell

Donald Straszheim, Evercore ISI head of China research, said Wednesday Xi is not coming to the "mistrust dominates".

The Dow Jones Industrial Average and the Nasdaq composite both closed at fresh record highs Tuesday, while the S&P 500 fell slightly but is still up for the week. Such data has been closely examined for evidence that US consumers are remaining resilient in the face of a manufacturing slowdown.

According to the Financial Times, China has requested that the United States eliminate a portion of the tariffs on Chinese imports implemented since the trade war began a year ago. "It's just another leg towards a potential agreement".

If everything goes off without a hitch, the phase one deal - which officials have said could be signed as early as November - might cover more ground than it appeared to when negotiators first sketched an outline in Washington last month. The drop could be a sign that after a period of nervousness about the economy, when the market responded positively to unexpected signs of strength, investors are returning to interpreting a positive economic surprise as an indication the Federal Reserve might be less likely to cut interest rates, said Mark Hackett, chief of investment research at Nationwide. Over time, increased hiring tends to fuel consumer spending, which, in turn, could help lift corporate earnings and share prices.

The Institute for Supply Management's nonmanufacturing index was 54.7 in October versus 52.6 the prior month, a higher increase than expected by economists surveyed by The Wall Street Journal.

He said that should help reduce the uncertainty over tensions between the world's two largest economies that has roiled markets.

MSCI's gauge of stock indexes in 47 countries edged lower by 0.01%.

On Wall Street, futures for the benchmark Standard & Poor's 500 and Dow Jones Industrial Average were up just under 0.1%.

The broad-based S&P 500 dipped 0.1 per cent to 3,074.66, while the tech-rich Nasdaq Composite Index was little changed at 8,434.68. It was only a token 5 basis points to 3.25%, but it underscored Beijing's desire to support the economy.

Yields moved in the price direction while higher yields allowed banks to charge interest rates on loans that are more lucrative.

Bayern Munich sack Niko Kovac, linked to Ralf Rangnick
In a statement on the club's official website , Kovac himself said: "I think this is the right decision for the club at the moment".

Brent crude, the global standard, rose 48 cents to $62.61 per barrel.

ENERGY: Benchmark U.S. crude lost 20 cents to $57.03 per barrel in electronic trading on the New York Mercantile Exchange.

The safe-haven yen and Swiss franc slid.

The dollar index .DXY rose 0.43%, with the euro EUR= down 0.48% to $1.1073. Gold futures lost 1.63% to $1,486 an ounce and silver futures fell 2.47% to $17.62 an ounce.

The Treasury held an auction for 52-week bills at a rate of 1.565% and three-year notes at a rate of 1.630%.

ENERGIZED CYLICALS: Other cyclical sectors, such as energy and industrials, were also ahead of the pack.

A steady rise in bond yields has been a big tailwind for financial stocks and one of the biggest contributors to the continued strength in equities, James said.

It's the market that continues mostly upward, even though there's still plenty to worry about.

The S&P 600 closed at 990.18 for a gain of 1.37 points or 0.14%.

Related News:

  • Chiefs' Reid playing it safe with Mahomes

    Chiefs' Reid playing it safe with Mahomes

    That's a reason he hasn't been specific about what the Chiefs want to see or when Mahomes will return to the lineup. For the past two games, the Chiefs have arguably been in safe hands with back-up quarterback Matt Moore .
    More than 4m high schoolers and 1m middle schoolers vape, study shows

    More than 4m high schoolers and 1m middle schoolers vape, study shows

    The Health Department says the smoking rate in NY high school students dropped from 27 percent in 2000 to 4.3 percent in 2016. Because tobacco use persists among youth and adults, New York State continues to prevent young adults from starting smoking.
    Passengers, crew safe after

    Passengers, crew safe after "suspicious situation" at Dutch airport

    The local mayor responsible for the Schiphol region, Marianne Schuurmans, said it took two hours to give the all-clear signal. There was no immediate official confirmation of what the incident involved.
  • Solskjaer: Manchester United might not sign anyone in January

    Solskjaer: Manchester United might not sign anyone in January

    This team is improving and, the longer we have together, we'll improve even more". We have to keep working - we know we're on the right track.
    Barty to face Svitolina in WTA Finals decider

    Barty to face Svitolina in WTA Finals decider

    Naomi Osaka , the reigning Australian Open champion, withdrew ahead of her second round-robin match with a right shoulder injury. There were five service breaks in the first eight games of the second set, leaving Barty leading 5-3 and serving for the match.
    Laser pointers can hijack your virtual assistants

    Laser pointers can hijack your virtual assistants

    For one, the laser needs to hit the microphone at just the right angle, and the mics are rarely in a convenient location. Amazon Black Friday deals will also contain its contain merchandise adore the Echo fluctuate, Fire pills, and Kindles.
  • How to stop people from adding you to random WhatsApp groups?

    How to stop people from adding you to random WhatsApp groups?

    The update is rolling out to users around the world on the latest version of WhatsApp , said the Facebook-owned company. The feature allows users to select if everyone , all contacts, or specific contacts can add them to group chats.
    Devin Booker Drops 40 Points and Gives 76ers Their First Loss

    Devin Booker Drops 40 Points and Gives 76ers Their First Loss

    The Pistons were again without Derrick Rose (hamstrings), Blake Griffin (pain in the left knee) and Tim Frazier (shoulder). Booker is one of the premier scorers in the game and it's one of those moments where you have to tip your cap and move on.
    Actor James Dean 'cast' in new movie, 64 years after his death

    Actor James Dean 'cast' in new movie, 64 years after his death

    Rights to Dean's likeness were acquired by the filmmakers and the production company Magic City Films through CMG Worldwide. James Dean has been cast in the forthcoming Vietnam War-era drama Finding Jack , according to Variety on Wednesday.
  • Fossil unveils new smartwatch with always-on display

    Fossil unveils new smartwatch with always-on display

    Earlier this year, Google reportedly paid $40 million for Fossil smartwatch technology that could enable hybrid watches. It nearly feels like an old-school Pebble watch fused with an everyday analog-style watch.
    Drake & Kylie Jenner's Relationship Has Reportedly Taken

    Drake & Kylie Jenner's Relationship Has Reportedly Taken "A Romantic Turn" After Halloween

    A few sources are speaking out about the rumors that they are getting close. "They were joking around and Kylie was laughing". Another insider tells the publication that they've been seeing each other romantically since October.
    Real Madrid vs. Galatasaray - Football Match Report

    Real Madrid vs. Galatasaray - Football Match Report

    Another evening of Champions League football at the Santiago Bernabeu! Subscribe to Squawka's Youtube channel here . Real Madrid head to the game after a 0-0 draw with Real Betis in the La Liga encounter last weekend.

Most liked

Oil prices rise on US-China trade deal hopes and improved outlook
OPEC said electric cars sales were "gaining momentum", despite representing a very small share of the global fleet at present. OPEC, Russia and other producers have been largely limiting oil supply since January 1, 2017 in order to boost price.

Celebrities petition for the freedom of death row inmate Rodney Reed
On Saturday, hundreds of people protested Reed's upcoming execution in front of the Capitol building in Austin, Texas. Andrew filed a statement detailing how Stacey's fiance admitted to killing her for sleeping around.

SoftBank’s Vision Fund 1 Closes Investment Period, Gears Up For Fund 2
The loss compared with an operating loss of 48 billion yen forecast on average by four analysts, according to Refinitiv. As IBD reports, WeWork caused the fund to take a 497.7 billion yen ($4.6 billion) hit. "I regret it in many ways", Mr.

Saudis recruited Twitter workers to spy on critics
Twitter said it's committed to protecting those who use its service and applauded the Justice Department's actions. A third man charged at the same time, Ahmed Almutairi, is also facing spying charges but didn't work at Twitter.

Xhaka stripped of Arsenal captaincy after outburst
Arsenal are lacking a leader in their squad and should go out and buy one, according to former England full-back Danny Mills. Arsenal , who play at Leicester in the Premier League on Saturday, have also rested defenders David Luiz and Calum Chambers.

Melania Trump visits Boston Medical Center amid employee protests
Protestors argued the First Lady's visit to the hospital would "hurt" immigrant patients as the BMC is a safety-net hospital. First lady Melania Trump greets hospital administrators in the Pediatric Intensive Care Unit at Boston Medical Center.

Johnson: Let's get Brexit done or face 'horror show' of Corbyn
Ms Swinson predicted more defections to the Lib Dems after the election by Labour and Tory MPs. Grant Robertson said: 'From your sometime doppleganger afar Tom, my very best wishes.

Anthony Davis Teases Possibility of Signing With Hometown Chicago Bulls Next Season
They allowed 16-straight points to start the fourth quarter with all but two coming with LeBron James on the bench. Compared to your average National Basketball Association player, Anthony Davis didn't necessarily have a bad night.

Yemen rivals sign deal to end power struggle in south
Riyadh and Washington, however, blamed Iran for the attacks - a charge denied by Tehran. Saudi Arabia has been calling for a ceasefire.

Clippers' Kawhi Leonard out vs. Bucks due to load management
If Leonard were to miss at least one game from each back-to-back, he would play a maximum of 69 games. Leonard is averaging 29.3 points, 7.3 rebounds, 5.7 assists and 2.3 steals in six games this season.

NZR begin search for new All Blacks coach to succeed Steve Hansen
Former Wales coach Warren Gatland and Japan coach Jamie Joseph have also been named in the media as potential successors to Hansen.

Tottenham outplay Serbia's Red Star 4-0 in UEFA Champions League
Four minutes later it was 3-0 as another brilliant move, which saw Kane play in Danny Rose , ended with Son converting at the far post.

Bevin requests Kentucky recanvass of gubernatorial election, claims 'irregularities'
The Democrats flipped both the house and senate in a state seen as a bellwether of the national political mood. A year before the presidential election, the results offered warning signs for both parties.

UK's Johnson begins election battle, vowing Brexit and casting rival as "Stalin"
The pro-European Union Liberal Democrats had the support of 15% of those surveyed, while the Brexit Party was on 9%. But turning back to Brexit, Mr Johnson said: "There is a key difference that we all face at this election".

At least 15 killed in alleged rebel attack in South Thailand
Thailand's volunteer security forces in the country's south receive weapons training from the army but no salary. Muslims and Buddhist civilians have fallen victim to their shooting or bomb attacks.