Wall St higher as China president's remarks calm trade-war fears

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At 11:31 a.m. EDT the Dow Jones industrial average was up 492.44 points, or 2.05 percent, at 24,471.54. But the risk-off sentiment weighed on Treasury yields US10YT=RR, pushing financial stocks.SPSY down 1.3 percent.

The president's taunting added to the list of challenges for stocks, ranging from trade tensions with China to a user privacy crisis at Facebook that has lawmakers talking about more regulation of tech companies.

In early regular trading, the Dow Jones industrial average sank as much as 1.1%, or 257 points, while the S&P 500 lost 0.6%. The Nasdaq composite added 57 points, or 0.8 percent, to 6,970.

Yet while the degree of Wednesday's stock market decline may seem jarring, it should be noted that the Dow surged nearly 500 points over the two days prior, meaning the decline hasn't even erased half of that.

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The so-called FANG stocks - Facebook Inc, Amazon.com, Netflix Inc and Alphabet Inc's Google - were up between 1 percent and 2.6 percent ahead of Facebook CEO Mark Zuckerberg's testimony before USA lawmakers on Tuesday and Wednesday.

In its Monthly Stock Market Trading Report for the month of March, the SPSE highlighted that during the month of March this year, 50 per cent of the new investors were represented by individuals and the other 50 per cent were represented by joint/family investors. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by less than a basis point to 2.970 percent.

Since at least the mid-1990s, the S&P SmallCap 600 Energy Index has risen much more than the oil price when oil has risen, and fallen much more than oil when oil has fallen.

The week also marks the start of earnings season with big US banks such as JPMorgan Chase, Citigroup and Wells Fargo set to report first-quarter results on Friday. On the Nasdaq, 1,986 issues rose and 790 fell for a 2.51-to-1 ratio favoring advancers.

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TOKYO: Asian stocks declined in a knee-jerk reaction to Trump's latest tariff proposal but regained a measure of calm following Wall Street's strong performance overnight.

The early losses marked a reversal of two days of gains driven largely by reduced fears around a global trade war. Microsoft gave back 1 percent, and JPMorgan Chase and Bank of America each fell 1.2 percent.

LONDON: The latest salvo in a trade row between the US and China weighed on Britain's FTSE 100 on Friday, though the damage was limited as mining and bank stocks fell while utilities made gains.

On Wednesday, U.S. President Donald Trump warned Russian Federation of imminent military action in Syria, declaring missiles "will be coming".

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Both the S&P 500 and the Nasdaq are set to fall 1% at the open. The Nasdaq composite climbed 70 points, or 1 percent, to 7,139.