Stock Market Today: May 21, 2019
Harvey S. Katz, CFA and John E. Seibert III | 05/21/2019
The market started out strongly today, as some trade restrictions on China’s telecom giant Huawei were eased. The Commerce Department stated that it would issue a 90-day license for some U.S. companies to continue working with that corporation. Many traders saw this as a decline in trade tensions, and sentiment improved. The markets closed not too far off the highs of the day. All told, the Dow closed the day up 197 points, the S&P 500 was higher by 24 points, and NASDAQ increased 83 points.