Tuesday morning started strong on Wall Street, with investors reacting positively to the possibility that a long meeting between the leaders of the U.S. and China could result in a thawing of trade relations between the two nations. Market participants also hope for help from the Federal Reserve, as it began its two-day meeting today. As of 11:10 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 401 points to 26,514. The S&P 500 (SNPINDEX:^GSPC) jumped 40 points to 2,930, and the Nasdaq Composite (NASDAQINDEX:^IXIC) picked up 159 points to 8,004.
Boeing (NYSE:BA) has been at the center of the trade issue, as its aircraft are a key U.S. export, and the aerospace giant got some good news today after having suffered through most of 2019. Meanwhile, Pinterest (NYSE:PINS) received positive comments about its business, prompting some investors to look more favorably upon the social media stock.
Read more at The Motley Fool.
