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9:16 a.m. ET: Trump says the Phase 1 trade deal will be signed January 15
From President Trump’s Twitter account: “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!”
I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!
— Donald J. Trump (@realDonaldTrump) December 31, 2019
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8 a.m. ET: Stock futures indicate lower open
U.S. stock futures indicted a lower open for the major indices Tuesday on the final day of trading this year.
Here were the main pre-market moves, as of 8 a.m. ET:
S&P futures (ES=F): 3,221, down 2.50 points or 0.08%
Dow futures (YM=F): 28,417, down 23 points or 0.08%
Nasdaq futures (NQ=F): 8,723.75, down 10 points or 0.11%
Crude oil (CL=F): $61.03 per barrel, down $0.65 or 1.05%
Gold (GC=F): $1,523.80 per ounce, up $5.20 or 0.34%
Despite the slight pullback from all-time highs, stocks are still on pace to close out their best year since 2013. The S&P 500 (^GSPC) rose 31% this year, while the Dow (^DJI) jumped 25% and the tech-heavy Nasdaq (^IXIC) advanced 36%.
The U.S. dollar (USD=X) was also in focus, as it weakened for the fourth straight day to its lowest level in nine months. Multinational companies struggled for much of the year on the back of a strong dollar, but Wall Street analysts expect the pressure to abate with a a weaker greenback in 2020.
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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https://finance.yahoo.com/news/stock-market-news-live-updates-december-31-2019-131332122.html
2019-12-31 13:13:00Z
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