Monday, February 11, 2019

Stock market starts week with modest opening gain as U.S.-China trade talks come in to focus

U.S. stock benchmarks climbed Monday morning, as investors watched a new round of negotiations between the U.S. and China on resolve tariff disagreements. The Dow Jones Industrial Average DJIA, +0.02% was up 80 points, or 0.3%, at 25,184, the S&P 500 index SPX, +0.11% advanced 0.3% at 2,715, while the Nasdaq Composite Index COMP, +0.12% rose 0.4% at 7,330. Tariff negotiations between Washington and Beijing begin in earnest later in the week, led by U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. Meanwhile, investors were attuned to the possibility of another partial government shutdown beginning after Friday, amid signs that Democrats and Republicans remain at loggerheads over President Donald Trump's demand to obtain funds for a U.S.-Mexico border wall. In corporate news, Restaurant Brands International Inc. QSR, +4.24% stock is up after the parent company of Burger King reported profit and same-store sales growth above Wall Street expectations. Elsewhere, the U.S. dollar extended a recent uptrend, strengthening to around its highest level against a basket of six currencies in about a month, according to FactSet data, tracking the ICE U.S. Dollar Index DXY, +0.31%

See Full Story Stocks edge higher after trade talks kick off, China equities rise

U.S. stocks rise to start the week. Investors are looking at a key week for trade talks, and the potential for another government shutdown at the end of it.

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Quote References DJIA +5.66 +0.02% SPX +2.98 +0.11% COMP +8.93 +0.12%

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