Pacific Gas And Electric Co logo

PCG PR H - Pacific Gas And Electric Co News Story

$22.5 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.28bn
Enterprise Value £30.37bn
Revenue £13.58bn
Position in Universe th / 6847

Reuters Insider - Wall Street rises on trade hopes

Wed 9th January, 2019 8:00am
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_lruxpma5&referenceId=tag:reuters.com,2019:newsml_OV9WA8B63_930&pageId=ReutersNews
Source: Reuters Insider

Description: The S&P 500 climbed to a three-week high on Tuesday, led by
Apple, Amazon, Facebook and a rally in industrials on bets that the United
States and China would strike a deal to end a trade war. Fred Katayama
reports.
Short Link: https://reut.rs/2shw2fn

Video Transcript:

Wall Street extended its rally for the third straight day on Tuesday. The big
indexes rose roughly 1%. Three big tech names – Facebook, Amazon, and
Apple – led the S&P's advance. Investors bought on bets that the US and
China would strike a deal to end their trade war. Argus Research Chief
Investment Strategist Peter Canelo.

It all starts with China and trade and tariffs. We already postponed the
tariffs, and they're talking. So that's good news, and I think the market
recognizes that.

Amazon again gained ground one day after the online retailer topped Microsoft
to become the world's most valuable company. Boeing led the Dow. The world's
largest plane manufacturer delivered a record 806 aircrafts in 2018, but
missed its full-year target. PG&E tumbled again after S&P Global Ratings cut
the utilities credit rating to junk status. Shares also sank Monday after
Reuters reported PG&E was exploring filing for bankruptcy protection. European
shares closed at a three-week high on hopes of a trade deal between the US and
China
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.