7/22/2019, 10:00 PM (Source: TeleTrader)
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Wall Street ends higher on US trade talk, budget hopes

United States stocks closed in the green on Monday after reports suggested that China and the US would resume their stalled trade negotiations as soon as next week. In addition, sources hinted that the White House and congressional Democrats were nearing a budget deal that would raise the debt ceiling for two years until July 31, 2021. In other news, investors digested a fresh batch of second-quarter earnings reports from earlier in the day and awaited the arrival of more due to be released throughout the week.

The Dow Jones Industrial Average ended the session up 0.06% with Intel Corp. as the best performer, while the Nasdaq 100 closed 0.91% higher on the back of Applied Materials Inc's jump of 6.11%. Meanwhile, the S&P 500 finished 0.27% in the green thanks to Halliburton Co, which posted gains of 9.20% despite a sluggish second-quarter earnings report released earlier in the day.

The euro was down 0.09% against the dollar to change hands for 1.1211 at 3:59 pm ET while the British pound plunged 0.19% compared to the greenback to go for 1.2479 at the same time.

Breaking the News / DZ