Wall Street ends five-day losing streak; Sterling plummets

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U.S. stocks finally managed to end a five-day losing streak yesterday supported by the Tech, Financial and Energy sectors, thanks to unofficial reports stating that further U.S. tariffs on Chinese imports would be put on hold. Although U.S. Trade Representative Robert Lighthizer denied the report shortly before the U.S. closing bell, the S&P 500 still ended 1.06% higher. Investors appear to be in need of any sort of positive news to buy the dips, and this kind of news seems to be doing the trick.

When stock markets rallied strongly on positive news that China and U.S. might be closer… Read More

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