Hello traders everywhere. The NASDAQ hit a record high of $8,052.40 in early trading as market sentiment was lifted by stronger-than-expected corporate earnings and solid economic data out of China. China's economy grew at a steady 6.4% pace in the first quarter, defying expectations for a further slowdown, adding to optimism that the economy may be starting to stabilize even as Beijing and Washington appear moving closer to a trade deal. On this side of the trade conversation, The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump's "America First" agenda was starting to bear fruit. The surprise narrowing in the trade gap reported by the Commerce Department on Wednesday also implied a much stronger pace of U.S. economic growth in the first quarter than initially anticipated at the start of the year. Key Levels To Watch This Week: S&P 500 (CME:SP500): 2,785.02 Dow (INDEX:DJI): 25,372.26 NASDAQ (NASDAQ:COMP): 7,579.29 U.S. Dollar (ICE:DX): 96.48 Gold (NYMEX_GC.M19): 1,291.70 Crude Oil (NYMEX:CL.J19): 63.25 Bitcoin (BITCOIN:BITSTAMPUSD): 3,850.45
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.