Dow Roars as Apple (AAPL) Stock Rejoices in China’s Gift to Trump

  • Dow bulls basked in positive risk sentiment to start the trading week.
  • Hong Kong elections and a key China concession in the trade war helped lift the US stock market.
  • Apple (AAPL) stock dragged the Dow Jones back towards record highs with a 1.3% gain.

The Dow Jones gained nearly 150 points on Monday after China offered an intellectual property olive branch to the Trump administration. This headline boosted Dow giant Apple (AAPL) more than 1% on hopes of December’s tariffs being removed.

Helping provide even more of a boost to the stock market, a pro-democracy landslide in Hong Kong’s local elections raises hopes for de-escalation in the violent protests.

Dow Jones Booms on Trade Talks & Hong Kong

All three major US stock market indices rallied to start the week. The Nasdaq led the way with a 1.2% rally. The S&P 500 was up 0.64%, making the Dow Jones Industrial Average the laggard despite its triple-digit move.

At last check, the Dow had jumped by 143.75 points or 0.52% to 28,019.37, putting the index within 100 points of its all-time high.

Dow Jones, Stock Market, Apple, APPL, Donald Trump, China, IP
The Dow Jones rose with risk sentiment as developments in Hong Kong and China helped to ignite investor appetites. | Source: Yahoo Finance

Unsurprisingly given the day’s headlines, the price of gold was 0.6% lower, while the haven Japanese yen also lost ground. The trade war barometer, USD/CNH, posted its first loss after two days of gains, as the offshore yuan firmed.

Adding a definite boost to risk sentiment, record voter turnout in Hong Kong’s local elections delivered a landslide result for pro-democracy candidates. This show of unified strength raises hopes that Beijing will be forced to appease, potentially de-escalating the precarious situation in an important global financial center.

Impeachment hearings have wound down, and nothing has emerged to move the Republican majority in the Senate towards removing Donald Trump. Ever keen to bring citizens’ attention back to the record-setting stock market, Trump took to…

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