Stocks rise…Survey: Businesses add 213,000 jobs…Pending home sales fall
NEW YORK (AP) – Strong results from Boeing and Apple are helping send stocks higher in early trading on Wall Street, putting the market on track to rise after two days of losses. Health insurer Anthem also rose on an upbeat outlook for the year. Traders are also keeping an eye on trade talks between the U.S. and China that resumed today, along with this afternoon’s policy statement from the Federal Reserve.
WASHINGTON (AP) – A private survey finds that U.S. businesses added a solid 213,000 jobs in January. But payroll processor ADP says this month’s number was down from a robust 263,000 in December, which was revised slightly lower. ADP’s report doesn’t include government employees, so it wasn’t directly affected by the partial government shutdown. The government issues its monthly jobs report on Friday.
WASHINGTON (AP) – Fewer Americans signed contracts to buy homes in December. The National Association of Realtors says its pending home sales index fell 2.2 percent last month to 99, its lowest reading since April 2014. The index based on contract signings has plunged 9.8 percent over the past 12 months. Pending sales are a barometer of home purchases that are completed a month or two later.
WASHINGTON (AP) – U.S. and Chinese negotiators have opened two days of high-level talks aimed at settling a six-month trade war. U.S. Trade Representative Robert Lighthizer (LYT’-hy-zur) welcomed the Chinese group to Washington today. The ongoing trade dispute between the world’s two biggest economies has weakened both sides, shaken financial markets and clouded the outlook for the global economy. No substantive resolution is expected this week. The Trump administration is scheduled to increase its tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent on March 2.
BRUSSELS (AP) – The chief of the European Union’s executive arm says the Brexit deal the EU reached with British Prime Minister Theresa May will not be changed. European Commission President Jean-Claude Juncker (zhahn-KLOHD’ YUN’-kur) told EU lawmakers today that the legally binding withdrawal agreement agreed to late last year “remains the best and only deal possible.” British lawmakers voted last night to send May back to Brussels to seek a better exit deal.