WSJWhatsNow: While the coronavirus weighs on crude, equity markets are focusing on trade talks and earnings. paulvigna breaks down this week’s winners and losers.
After two straight weeks of losses, major U.S. stock indexes rebounded this week. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all set new highs.
Traders were encouraged by news that China will begin cutting tariffs, a welcome sign that “phase one” of the U.S.-China trade deal is being implemented. And while the coronavirus is still spreading, and still deadly, equities markets were more focused on earnings.
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