Dow Jones futures climb as market sentiment improves due to US-EU trade deal
- Dow Jones futures gains ground as the US-EU trade agreement boosts trade optimism.
- The US and China are expected to extend their tariff truce by another 90 days.
- Traders expect the Fed to keep the benchmark interest rate steady between 4.25% and 4.50% on Wednesday.
» Read more about: Dow Jones futures climb as market sentiment improves due to US-EU trade deal »
Read MoreWall Street Live: Dow Jones, S&P 500, Nasdaq rise after US-EU trade deal
US stock indices were mixed on Monday as investors assessed the US-EU trade deal ahead of the Federal Reserve’s rate decision.
As of 11:30 AM Eastern Time, the S&P 500 was virtually unchanged, the Dow Jones Industrial Average was down less than 0.1%, and the Nasdaq Composite was 0.2% higher.
» Read more about: Wall Street Live: Dow Jones, S&P 500, Nasdaq rise after US-EU trade deal »
Read MoreNike leads Dow Jones higher after upgrade, $93 price target
- Nike stock gains 4% on JPMorgan upgrade.
- Analyst Matthew Boss gives NKE shares a $93 price target.
- JPMorgan cites return to form as inventory issues worked through.
- Trump trade agreement with EU a positive sign for equities.
Nike (NKE) stock is off to the races on Monday as the athletic brand surges over 4% in response to a bullish turn from JPMorgan.
» Read more about: Nike leads Dow Jones higher after upgrade, $93 price target »
Read MoreStock Market Live July 28: EU Trade Deal Success Pushes S&P 500 (VOO) Even Higher
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US and EU trade representatives struck a deal to lower tariffs on EU exports to the US last night.
The Burst
1 Massive Advantage Retail Investors Have Over Hedge Funds
Retail investors are usually playing catch-up and it’s no surprise why. They don’t have a research department, a Bloomberg Terminal on every desk, or a network of analysts and insiders feeding them information in real time. Hedge funds, with their armies of research analysts, data scientists, and software systems, are optimized to gain any edge possible.
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Read MoreThe Ivy
The Best Way to Bet on China’s AI Boom Might Just Be in South Africa
If someone told you the best way to invest in China’s booming AI ecosystem was through a 100-year-old South African media company, you’d probably do a double take. But here’s the thing that may actually be true, and it all comes down to Tencent and a few brilliantly timed decisions made more than two decades ago.
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1 Dividend Powerhouse Built for the Long Haul
When investors talk about reliability in the energy sector, Enbridge (NYSE: ENB) belongs in a class of its own. For over seven decades, this Canadian pipeline and utility powerhouse has paid a dividend, an almost unheard-of feat in an industry known for boom-and-bust cycles.
Even more impressive is that it has raised its dividend for 30 consecutive years,
» Read more about: 1 Dividend Powerhouse Built for the Long Haul »