Investing.com – Wall Street opened higher for the first time in three sessions on Wednesday, driven by news that China had extended a peace offering ahead of high-level trade talks this week.
The rose 160 points or 0.6% by 9:44 AM ET (13:44 GMT), while the was up 20 points or 0.7% and the gained 68 points or 0.9%.
China reportedly offered to increase annual soybean purchases to 30 million tons from 20 million tons at present. China is open to a limited deal as long as no more tariffs are imposed, Bloomberg reported.
"There are expectations that some sort of an interim deal will emerge from these meetings," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "Investors certainly seem more hopeful now than they did two days ago."
American Outdoor Brands jumped 8.3% after Craig-Hallum upgraded the company to buy from hold, while Boeing (NYSE:) stock inched up 0.5% even after American Airlines (NASDAQ:) pulled Boeing’s 737 Max from its schedule until mid-January, hinting at yet another delay to the resumption of flights by the model. American Airlines was up 1.9%.
Meanwhile, Johnson & Johnson (NYSE:) fell 1% after a court ordered the company to pay a Maryland a man $8 billion because its antipsychotic drug Risperdal caused him to grow enlarged breasts. Levi Strauss (NYSE:) tumbled 6.4% after the company reported it is struggling with its wholesale business in North and South America.
In commodities, the , which measures the greenback against a basket of six major currencies, was down 0.1% to 98.725 and rose 0.5% to $1,511.75 a troy ounce. jumped 1.5% to $53.44 a barrel.
-Reuters contributed to this report
Other relevant articles
[2019-10-09 15:45:08] Turkey launches operation into northeast Syria: Erdogan
[2019-10-09 15:40:08] Mexico inflation slows to 3-year low, fuels rate cut forecasts
[2019-10-09 15:25:08] UPS hits the gas on greener delivery truck fleet
[2019-10-09 15:20:09] AT&T to sell certain assets in Puerto Rico and U.S. Virgin...
[2019-10-09 15:05:07] Lufthansa proposes joining Alitalia rescue plan: source
[2019-10-09 15:00:11] Brazil inflation falls to 2.89%, lowest since May last year
[2019-10-09 14:55:07] Stock Investors Hedged for a Crisis Risk a New â€?Pain Tradeâ€™
[2019-10-09 14:55:07] EU warns about cybersecurity risks from state-backed entities
[2019-10-09 14:50:08] Stocks - J&J Tumbles Premarket; American Outdoor Brands, Exxon Mobil Rise
[2019-10-09 14:35:08] PG&E Cuts Power to a Half Million in Epic California Blackout
[2019-10-09 14:35:08] Euro zone puts pressure on Dutch, Germans to spend more
[2019-10-09 14:30:09] Even Greece Is Getting Paid to Borrow Money in Debt Markets
[2019-10-09 14:30:09] U.S. Democratic presidential contender Warren vows to pursue...
[2019-10-09 14:30:09] Volkswagen increases stockpiles of cars in Britain ahead of Brexit
[2019-10-09 14:25:07] Oil Prices Rise on Renewed Trade Hopes Ahead of Talks
[2019-10-09 14:25:07] American Airlines cancels Boeing 737 MAX flights until Jan. 16
[2019-10-09 14:20:08] Trump to announce changes to anti-kickback rules for healthcare...
[2019-10-09 13:55:07] Bank of England to spell out fate of open-ended funds in December
[2019-10-09 13:05:07] GEâ€™s Gaping Pension DeficitÂ Is Just a Tiny Part of Companiesâ€™ $269 Billion Gap
[2019-10-09 13:00:13] Chinese trade officials to complete Washington consultation agenda: Global Times...
[2019-10-09 13:00:13] Stocks - U.S. Futures Rise as China Offers to Buy American...
[2019-10-09 12:55:07] Stocks - U.S. Futures Rise as China Offers to Buy American Agricultural GoodsÂ
[2019-10-09 12:50:07] High-tech jacket allows deaf people to feel the music
[2019-10-09 12:50:07] Ireland mandates banks to sell more of debut green bond
[2019-10-09 12:45:23] China offering extra $10 billion in U.S. agricultural buying: FT
[2019-10-09 12:40:07] Futures climb as U.S.-China tensions ease
[2019-10-09 12:40:07] California power cutoff begin as wildfire risks rise
[2019-10-09 12:30:13] OECD Proposes New Compromise Seeking Truce Sought in Digital Tax...
[2019-10-09 12:25:07] Air quality app back online in Vietnam after attacks over smog...
[2019-10-09 12:20:08] Top 5 Things to Know in the Market on Wednesday
[2019-10-09 12:15:07] China open to partial trade deal despite tech blacklist:...
[2019-10-09 12:00:14] Exxon names BAML to run Malaysia asset sales: sources
[2019-10-09 11:55:07] Hays to buy Thomas Cook British stores in reprieve for up to...
[2019-10-09 11:55:07] Nordic banks agree to fund common payment service
[2019-10-09 11:40:17] What to Know About the Massive Protests Roiling Iraq
[2019-10-09 11:35:07] China Open to Partial U.S. Trade Deal Despite Tech Blacklist
[2019-10-09 11:30:08] EDF Cost Overrun at French Plant Piles Pressure on Nuclear Giant
[2019-10-09 11:30:08] Turkish Troops Begin Crossing Into Syria After U.S. Stands Aside
[2019-10-09 11:10:07] Multinationals face heftier tax bills under OECD proposals
[2019-10-09 11:05:07] Mail.Ru and partners team up with Alipay for Russian payment JV
[2019-10-09 10:30:09] Zimbabwe quadruples electricity prices to fund power investment
[2019-10-09 10:25:08] After spurned play for LSE, Hong Kong bourse to seek deeper China...
[2019-10-09 10:25:08] Swedish think-tank sees slower growth, rates on hold
[2019-10-09 10:20:08] Exclusive: Airbus defense unit sees cash challenge, adopts...
[2019-10-09 10:10:09] Forex - Dollar Mixed as Market Digests Powell Speech
[2019-10-09 10:05:08] De Guindos: ECB could cut rates further but side effects becoming...
[2019-10-09 10:00:21] Thyssenkrupp CEO announces sweeping job cuts
[2019-10-09 09:40:09] European shares weighed down by trade, Brexit worries
[2019-10-09 09:35:07] Exxon Mobil considers Malaysian offshore assets sale for up to $3...
[2019-10-09 09:30:10] World Bank cuts Russian economic growth forecast to 1% in 2019
[2019-10-09 09:05:07] Asian shares, oil ease as U.S.-China standoff spreads
[2019-10-09 09:05:07] Russian sovereign fund opens office in Saudi
[2019-10-09 09:00:23] Sri Lanka central bank seen keeping rates on hold ahead of...
[2019-10-09 08:55:10] Bank of France keeps forecasts for third-quarter GDP growth at...
[2019-10-09 08:40:11] Kingfisher names Bernard Bot as finance chief
[2019-10-09 08:40:11] Germany wants a woman to succeed Lautenschlaeger at ECB: Scholz
[2019-10-09 08:20:07] NBA fans in China seek refund from Tencent as streaming suspended
[2019-10-09 08:10:07] Birthplace of U.S. civil rights movement elects first black mayor
[2019-10-09 07:15:07] Gold Prices Rise as Trade War, Brexit Fears Attract Safe-Haven...
[2019-10-09 07:00:13] Venture capital investments in U.S. set for another bonanza year
[2019-10-09 06:45:09] Alibaba to stop sales of e-cigarette components in United States
[2019-10-09 06:40:07] U.S. Farms Face Long-Term Losses From Trump Trade War, BCG Warns
[2019-10-09 06:35:06] Thailand Looks to Rein in Baht as It Hits 6-Year High
[2019-10-09 06:35:06] Oil Prices Fall Amid Rising Crude Stockpiles, Escalating...
[2019-10-09 06:25:18] Thai central bank says needed to keep policy space for future risks: minutes
[2019-10-09 06:10:09] RBNZ Needs to Better Explain Bank-Review Benefits, Treasury Says
[2019-10-09 06:10:09] Analysts Expect Contraction in Profits for Indiaâ€™s Earnings
[2019-10-09 06:05:11] Forex - Pound, Dollar Little Changed; Brexit Woes, Sino-U.S. Trade War in Focus
[2019-10-09 05:50:09] Euro-Area Finance Chiefs Brace for Fresh Fight Over Budget
[2019-10-09 05:50:09] Central Banks Are Nearing â€?Reversal Ratesâ€™Â as Global Growth Slows
[2019-10-09 05:50:09] Goldman Reviews Megviiâ€™s HK IPO After U.S. Places Chinese Tech...
[2019-10-09 05:10:07] Asian Markets Fall Amid Sino-U.S. Trade Tensions
[2019-10-09 04:05:07] Oil prices extend slide to third straight day, U.S.-China trade...
[2019-10-09 03:10:08] Lender CAF proposes $400-million Venezuela credit: Guaido
[2019-10-09 03:05:07] Sterling soft, dollar drifts lower as trade hopes fade
[2019-10-09 03:05:07] Pelosi blasts White House for refusing to cooperate in Trump...
[2019-10-09 02:50:07] Asian stocks fall by the most in a week as U.S.-China standoff...
[2019-10-09 02:10:07] U.S. senators call for probe of Brazilian meatpacker JBS
[2019-10-09 01:40:15] Australia consumer sentiment plunges to four-year lows in October
[2019-10-09 01:15:13] English house builders report weakest demand since 2013
[2019-10-09 00:55:30] House Democrats subpoena U.S. diplomat Sondland in Trump...
[2019-10-09 00:55:30] White House calls House impeachment probe unconstitutional
[2019-10-09 00:20:08] Productivity stagnant despite global stimulus: WEF
[2019-10-09 00:10:08] Arm Holdings still aiming for 2023 return to public markets, CEO...
[2019-10-09 00:05:08] Renault to start search for new CEO: Le Figaro
[2019-10-09 00:00:14] J&J must pay $8 billion in case over male breast growth linked to...
[2019-10-08 23:35:05] PG&E to cut off power to nearly 800,000 customers to reduce...
[2019-10-08 23:30:09] Volcker Rule Overhaul Gets Final Approval
[2019-10-08 23:15:12] Twitter says user data meant for security purposes may have gone...
[2019-10-08 23:15:12] Barr investigates the investigators of Russian meddling
[2019-10-08 23:00:20] NewsBreak: Crude Supplies Rise, Gasoline Stocks Fall, API Data...
[2019-10-08 22:55:05] U.S. Treasury proposes guidance to reduce tax headaches from...
[2019-10-08 22:50:05] China Swipes Trumpâ€™s â€?Stay Tunedâ€™ Tactic When Talking Trade
[2019-10-08 22:50:05] U.S. Farm Struggle Not So Bad Unless You Have Cows, Analyst Says
[2019-10-08 22:50:05] UBS Warns of Weakness for U.S. Consumers Who Propel Economy
[2019-10-08 22:50:05] Trade Rules Emerge as Weapon to Fight Climate Change in Europe
[2019-10-08 22:50:05] Millions of Californians May Go Dark in Biggest Fire Shutoff Yet
[2019-10-08 22:50:05] China state newspaper criticizes Apple for app use by Hong Kong protesters
[2019-10-08 22:45:05] Goldman Sachs evaluating involvement in Megvii IPO after of U.S....
[2019-10-08 22:40:05] Day Ahead: Top 3 Things to Watch