US stocks rose to end their best January performance in 30 years. Due to robust earnings and indications that the Federal Reserve will pause its rate increases.
The gain today was fueled by companies ranging from Facebook to GE. S&P 500 increased 0.9 percent to 2,704.10. Nasdaq rose 1.37 percent to 7,281.74. Dow Jones Industrial Average right below the flat line at 24,999.67. S&P gained 7.87 percent in January. Dow Jones Industrial Average gained 7.17 percent in total for this month.
The market was lifted in the final minutes of the session on Thursday as Donald Trump told the reporters in the Oval Office that he is hoping to make a deal with China before March. A translator also introduced a hopeful letter from the Chinese President Xi Jinping. Many investors are watching the ongoing moves of the US and China trade talks. And according to CNBC, they had received from two sources that US and Chinese officials are talking about scheduling a meeting between Donald Trump and Xi Jinping.
Currencies on 10:40 pm
Euro fell 0.01 percent to $1.1447 per euro.
Japanese yen rose 0.02 percent to 108.91 per dollar.
British pound fell 0.08 percent to $1.3099 per pound.
Korean won rose 0.42 percent to 1,117.39 per dollar.
