About: http://data.cimple.eu/news-article/c7552ffbf7a9046fbacf6ade89da962b260f64f0cdfc1540a7a8f9ac

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rdf:type	schema:NewsArticle
schema:articleBody	The S&P 500 and Nasdaq surged to fresh records Monday amid enthusiasm at the impending signing of the US-China trade deal. The broad-based S&P 500 jumped 0.7 percent to 3,288.13, while the tech-rich Nasdaq Composite Index gained 1.0 percent to end 9,273.93, both eclipsing all-time highs reached last week. The Dow Jones Industrial Average advanced 0.3 percent to 28,907.05 two days before President Donald Trump is due to sign a "phase one" agreement with Beijing. Stocks were in positive territory the whole session, gaining ground following a report that the US would formally retract its accusation that China manipulates its currency to gain unfair trade advantages. "We enter the week with some enthusiasm at getting the phase one deal signed," said Art Hogan, chief market strategist at National Securities, adding that investors were also hopeful that an upcoming trove of banking earnings would be good. Earnings season begins in earnest Tuesday with reports from JPMorgan Chase and other large banks. Companies in the S&P 500 are projected to report a 2.0 percent drop in earnings for the quarter, according to Factset. The improved state of US-China trade relations has been a key factor in boosting stocks, along with solid economic data and accommodative monetary policy. Large technology companies helped lead the market, with Apple winning 2.1 percent, Facebook 1.8 percent and Netflix 3.0 percent. Tesla jumped nearly 10 percent following an upgrade from Oppenheimer. Lululemon Athletica advanced 4.4 percent as it lifted its fourth-quarter profit forecast, describing a strong holiday shopping season. But Five Below, a retailer focused on teens and other younger shoppers, plummeted 11.4 percent as it cited disappointing holiday sales. Woodward and Hexcel, two suppliers in the aerospace industry, both advanced after announcing a merger of equals between the companies. Combining the companies will boost research capacities and improve financial position, the companies said. Woodward gained 4.8 percent and Hexcel surged 9.6 percent. jmb/bgs
schema:headline	S&P 500, Nasdaq end at records ahead of US-China trade deal
schema:mentions	Christmas and holiday season Lululemon Athletica S&P 500 Index JPMorgan Chase Dow Jones Industrial Average Beijing Tesla Model 3 Apple Inc. Netflix United States dollar Facebook China President of the United States Donald Trump Five Below Hexcel Oppenheimer Holdings Aerospace FactSet Fresh Records (UK) National Library of Australia Monetary policy NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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