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Stock Market News: November 18, 2019



The S&P 500 and the Dow turned slightly positive on Wednesday morning as investors saw mixed signals of progress in the US-China interim trade deal.

Here are the main market movements from 11:50 am. ET:

  • S&P 500 (^ GSPF): + 0.01%, or 0.46 points

  • Dow (^ DJI): + 0.06%, or 16.62 points

  • Nasdaq (^ IXIC): -0.04%, or 3.21 points

  • 10-year Treasury yield (^ TNX): -2,7 hp up to 1,807%

  • Gold (GC = F): + 0.23% to $ 1,471.90 an ounce

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US Treasury Secretary Steven Mnuchin And Representative Robert Leitzer spoke with Chinese Vice Premier Liu Fei over the weekend to elaborate on the phase of a trade agreement between the two countries, according to & nbsp;China's state-run Xinhua News Agency."data-reagid =" 23 "> US Treasury Secretary Steven Mnuchin and Trade Representative Robert Leitzer talked to Chinese Vice Premier Liu Fe at the weekend to elaborate on phase one of a trade agreement between the two countries, according to the Chinese state – Xinhua agency.

The two sides had "constructive discussions on each other's key concerns in the" phase one "agreement and agreed to maintain close communication," the report said.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chinese chat account helped initially send futures higher However, later in the night session, futures hit gains after CNBC announced that Beijing was "pessimistic" that a Phase One deal would be concluded, given President Donald Trump's reluctance to return existing tariffs on Chinese imports, according to a report citing an unnamed government source."data-reidid =" 25 "> The Chinese chat bill helped send futures initially higher. However, later in the night session, futures hit gains after CNBC announced that Beijing was" pessimistic "that it would sign a phase deal. one given by President Donald Trump's reluctance to return existing tariffs on Chinese imports, the report said, citing an unnamed government source.

Separately, the surprise short-term lending rates in China also contributed to active risks, as investors saw fresh stimulus injected into the world's second-largest economy to help accelerate growth by boosting debt and lending.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, USA, November 4, 2019. REUTERS / Brendan McDermid

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "National Bank of China Reduces Its Key to Seven-Day reverse repayment per day to 2.50% from 2.55% earlier, marking the first reduction in the cautiously borrowing rate in four years.The move comes as the Chinese & nbsp;grapples with growth rate slowed to a low of 30 years, with concerns about trade and cooling investment in the country with economic expansion. "data-reagid =" 38 "> The National Bank of China reduced its key seven-day reverse repurchase rate to 2.50% from 2.55% previously, marking the first inaugural borrowing rate in four years. comes at a time when growth-minded Cypriots in China are at a minimum of 30 years, with concerns about trade and investment cooling in a country seeking economic expansion.

"For markets, this reduction is very much to prove that PBOK remains adjustable, with further relief likely in the event of continued weak growth," Joshua Mahoney, senior market analyst at IG Group, wrote in an email.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "GOODS: Saudi Aramco IPO, JP rejects Xerox takeover bid"data-reidid =" 40 ">GOODS: Saudi Aramco IPO, JP rejects Xerox takeover bid

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Saudi Aramco oil monolith appears to be valued at $ 1.6 trillion to $ 1.7 trillion after the initial public offering, based on details of the bid in a statement to the company over the weekend. "data-reagid =" 41 ">Saudi Aramco oil monolith appears to be valued at $ 1.6 trillion to $ 1.7 trillion after the initial public offering, based on details of the bid in a statement to the company over the weekend.

Saudi Aramoko, the world's most profitable company, intends to price its bid between 30-32 Saudi riyals and sell 1.5% of the company's shares or about 3 billion shares. The announcement is set to take place in December at the Tudal Stock Exchange, with Saudi Aramo announcing it will sell up to 0.5% of its stake to individual investors.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "HP (HPQ) rejected the proposed bid for a printing hardware company Xerox (XRX), & nbsp;open letter writing& nbsp; over the weekend, the cash and stock bid of the last $ 33.5 billion "appreciated" the company. HP's market value is more than three times that of Xerox, and the HP board said the combined company would remain with "strong debt" and would not be in the "best interests" of shareholders. "Data-reagid =" 43 ">HP (HPQ) rejected the proposed bid for a printing hardware company Xerox (XRX), writing in an open letter over the weekend that its $ 33.5 billion cash and stock offering "significantly" valued the company. HP's market value is more than three times that of Xerox, and the HP board said the combined company would remain "in debt" and not in the "best interest" of shareholders.

In the letter, however, HP proposed to consider the transaction, which means it is a Xerox acquirer, noting that it can "quickly assess the merits of a potential transaction".

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "T-Mobile (TMUS) posted On Monday, Mike Sewert, currently chief operating officer, will take over as CEO on May 1, 2020, the company said in a statement. Sievert will replace John Legere, whose contract with the telecommunications company expires on April 30, 2020. "Data-reagid =" 45 ">T-Mobile (TMUS) posted On Monday, Mike Sewert, currently chief operating officer, will take over as CEO on May 1, 2020, the company said in a statement. Sievert is set to replace John Legere, whose contract with the telecommunications company expires on April 30, 2020.

Legere has recently been one of the few candidates in talks to take over as chief executive in the fight for startup business WeWork, but reportedly will not take on that role. T-Mobile did not discuss future plans for Ledge after his contract ended.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a correspondent for Yahoo Finance. & Nbsp;Follow her on Twitter: @emily_mcck"data-reactive =" 48 ">Emily McCormick is a correspondent for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more from Emily:"data-reactive =" 49 ">Read more from Emily:

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on & nbsp;Twitter, & nbsp;Facebook, & nbsp;Instagram, & nbsp;Flipboard, & nbsp;Connected to, and & nbsp;redness."data-reactive =" 56 ">Follow Yahoo Finance for Twitter, Facebook, Instagram, Flipboard, Connected to, and redness.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Find live quotes on the stock market and the latest business and finance news"data-reactive =" 57 ">Find live quotes on the stock market and the latest business and finance news


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