Stock market futures jumped early Monday morning vs. fair value. Dow Jones futures, S&P 500 futures and Nasdaq futures all rose sharply after the Trump administration said Sunday that a China trade war is “on hold.” X Meanwhile, last week’s sideways stock market action had different chart implications for leaders such as Apple (AAPL), Nvidia (NVDA), Facebook (FB) and Salesforce.com (CRM). Meanwhile, hot stock Pure Storage (PSTG) reports earnings late Monday. China Trade War President Donald Trump won’t impose China trade tariffs for now as the two countries make “meaningful progress” in trade talks, Treasury Secretary Steven Mnuchin told Fox News on Sunday: “We are putting the trade war on hold.” On Saturday the two countries released a statement in which China proposed to “significantly increase purchases” of U.S. goods. There was no dollar figure despite Trump economic adviser Larry Kudlow suggesting previously that China had agreed to buy $200 billion more in U.S. goods. Stock Market Impact On Apple, Facebook Last week the S&P 500 index, Dow Jones and Nasdaq composite all rose Monday but closed the week modestly lower. That spurred similar action in top stocks, but with different chart implications. Along with some other stocks in consolidations,… Read full this story
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