U.S. Market Review
Wall Street’s main indexes are inclining today amid issues of a global economic slowdown were calmed by robust economic numbers coming from China, while easing tensions in Hong Kong added to an upbeat mood.
At 11:53 a.m. ET the Dow Jones Industrial Average surged 207.36 points, or 0.79%, at 26,325.38.
The S&P-500 gained 26.18 points, or 0.90%, at 2,932.45 and the Nasdaq Composite added 81.60 points, or 1.04%, at 7,955.76.
The stock of Starbucks Corp slipped 1.36% after the company stated that is waiting for 2020 adjusted profit growth to lose ground in 2019 and hinted at fewer share repurchases next year.
Long-term U.S. government debt yields jumped today after Hong Kong leader Carrie Lam announced a controversial extradition bill that sparked mass protests within the city has been withdrawn.
The yield on the benchmark 10-year Treasury note soared to 1.486%, while the yield on the 30-year Treasury bond also jumped 1.976%.
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