Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average finishes up Thursday after White House economic adviser Larry Kudlow said "good headway" had been made in trade talks between the U.S. and China.
- Tesla (TSLA - Get Report) fell sharply after the electric carmaker reported disappointing first-quarter deliveries.
- Constellation Brands (STZ - Get Report) rose after beating fourth-quarter earnings expectations and selling off 30 wine and spirit brands to Gallo for $1.7 billion.
Wall Street Overview
Bloomberg says China could agree to purchase U.S. goods worth more than $1 trillion, as well as open its markets to further American investment, in exchange for a multi-year window in which to meet certain conditions on intellectual property and technology transfer protections. The Financial Times said the two sides were close to a deal on most of the major issues, but were still negotiating ways in which China could implement them under U.S. monitoring.
"What's more, it would be immensely costly for U.S. auto producers and consumers," Wood said. "It's difficult to see this as a credible threat. The Mexican government will surely view this threat with some skepticism as well as frustration after making significant concessions to Trump on migration last week."
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