US stocks move up, oil down
The bulls are controlling the markets this Monday, with major US indices trading in positive territory. Part of the reason for today's gains is because President Trump softened his stance on Chinese technology company ZTE Corp, signalling easing U.S.-China trade tensions. This indicates he's willing to water down his tough trade talk which is good news for stock markets.
Interestingly, the top performing stock on the S&P500 right now is Symantec Corp. The company nosedived last week after revealing it was investigating serious concerns raised by an employee. Today though it's recouping some of its losses, trading up more than 10 percent.
Another solidly positive piece of news for markets is that S&P companies are on track to announce a record $650 billion in buybacks this year, according to fresh research from Goldman Sachs.
On the bearish side of the spectrum, oil prices have drifted away from highs after OPEC nations declared they would be willing to step up production to make up for Iran possibly being cut off from oil markets due to looming US sanctions.
Via: https://invstr.com/