Stocks open higher, on track for fifth gain of past six sessions

U.S. stocks opened higher on Thursday, rebounding from a broad decline in the previous session as the tense trading relationship between the U.S. and China once again appeared to ease. The Dow Jones Industrial Average rose 0.6%. The S&P 500 added 0.4%. The Nasdaq Composite Index was up 0.5%. All three are on track for their fifth rise of the past six sessions. Sentiment may have been boosted by signs the U.S. and China are willing to resume trade talks, which could end up in a bilateral agreement. Bloomberg reported late Wednesday that officials from both countries have raised the prospects of restarting a conversation at a high level. Investors are concerned that a full-on trade war could act as a major headwind to growth. Among the most active stocks on Thursday, Broadcom Inc. (AVGO) agreed to buy CA Inc. (CA) for more than $18 billion. Shares of CA spiked 18% while Broadcom (AVGO) lost 15%.

-Ryan Vlastelica; 415-439-6400;

  (END) Dow Jones Newswires
  07-12-18 0938ET
  Copyright (c) 2018 Dow Jones & Company, Inc.

Search News

Filter Results

Publication Date
  • All

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.