U.S. Daily Market Review 8.11.19

Stocks jumped to peak marks after China announced that the world’s two largest economies had agreed to remove existing trade tariffs.

The Dow Jones Industrial Average soared 200 points or 0.7%. The S&P-500 inclined 0.5% as the financials sector gained 0.8%. The Nasdaq Composite also added 0.6%.

U.S. government debt yields slipped today as traders and investors are still concerned about a possible trade deal between the U.S. and China.

The benchmark 10-year Treasury note dropped 1.8134%, the first loss in four days.

Job openings dropped to its bottom of the last 18 months in September, according to a Labor Department report. Total vacancies sunk to 7.02 million for the month, a loss of 277,000 from August, as reported by the Jobs Opening.

Ralph Lauren Corp. advanced after the apparel maker reported same-store sales. A drop in foreign demand created in some negative pressure on the brand.

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