(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks rallied on Tuesday after President Donald Trump signaled that trade talks with China had taken a turn for the better.
The Dow Jones Industrial Average gained 353 points, or 1.35%, in afternoon trading while the S&P 500 added 97% and the Nasdaq Composite rose 1.39%.
Stocks opened moderately higher but jumped after Mr. Trump tweeted that he and his Chinese counterpart Xi Jinping had a “very good telephone conversation” and would meet later this month in Japan. The threat of a mounting trade conflict with China has weighed on U.S. economic data and prompted uncertainty among investors.
Technology stocks with significant Chinese exposure were among the biggest gainers. Apple climbed 2.5%, while chip makers Intel and NVIDIA were up 3% and 5.9%, respectively.
Industrials also outperformed. Equipment-maker Caterpillar, whose shares are often seen as a bellwether for the global economy, rose 2.7%.
U.S. crude oil futures surged 3.3% to $53.63 a barrel as trade tensions eased, lifting energy stocks. Chevron was up 1.1% and Exxon Mobil rose 0.7%.
Investors are also awaiting signals from the Federal Reserve on whether it was leaning toward cutting interest rates at the end of its two-day meeting on Wednesday.
European stocks posted strong gains after European Central Bank President Mario Draghi signaled the bank could roll out fresh stimulus as soon as its next policy meeting in July.
Germany’s DAX rose 2%, while the FTSE 100 climbed 1.2%. The yield on 10-year German bunds declined to minus 0.320%--near record lows—after Mr. Draghi said additional monetary stimulus would be required if eurozone inflation doesn’t improve.
U.S. bond yields fell, pulled down by Mr. Draghi’s comments and expectations of a Fed rate cut. The yield on the benchmark 10-year Treasury was recently at 2.060%.
The euro fell 0.2% against the dollar in
Regards,
Ted
Bloomberg Evening Briefing:
https://www.investors.com/market-trend/stock-market-today/trade-war-progress-lift-stocks/MarketWatch:
https://www.marketwatch.com/story/dow-futures-rally-150-points-as-ecbs-draghi-hints-at-rate-cuts-ahead-of-fed-meeting-2019-06-18/printWSJ:
https://www.wsj.com/articles/european-stocks-slip-after-gains-in-asia-11560844990Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-17/muted-start-seen-for-asian-stocks-treasuries-flat-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/trade-war-progress-lift-stocks/CNBC:
https://www.cnbc.com/2019/06/18/stock-market-wall-street-monitors-federal-reserve-meeting.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/trade-optimism-dovish-fed-bets-power-wall-street-rally-idUKKCN1TJ1MCU.K:
https://uk.reuters.com/article/uk-britain-stocks/ftse-hits-session-high-after-draghi-weighs-in-idUKKCN1TJ0LUEurope:
https://www.reuters.com/article/us-europe-stocks/european-stocks-at-six-week-high-as-ecbs-draghi-hints-at-stimulus-idUSKCN1TJ0KBAsia:
https://www.marketwatch.com/story/asian-markets-mixed-ahead-of-central-bank-meetings-2019-06-17/printBonds:
https://www.cnbc.com/2019/06/18/us-bonds-treasury-yields-tick-lower-ahead-of-federal-reserve-meeting.htmlCurrencies:
https://www.cnbc.com/2019/06/18/forex-market-brexit-uncertainty-us-china-trade-tensions-in-focus.htmlOil:
https://www.cnbc.com/2019/06/18/oil-market-middle-east-tensions-us-china-trade-war-in-focus.htmlGold:
https://www.cnbc.com/2019/06/18/gold-market-fed-rate-cut-bets-us-dollar-moves-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
