Page 25 - ARUBA TODAY

BUSINESS Tuesday 6 March 2018
A25

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Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Monday, March 5, johnnypaesch@gmail.com
2018. Stocks shook off morning losses on Monday and surged in the afternoon to send the Stan- ________________________________209186
dard & Poor's 500 index to its best day in a week. Aruba Divi Phoenix
(AP Photo/Richard Drew) 2Br Ph WK 11 & 12 $30K each
Stocks power higher in latest market shift Ocean View 34 Weeks remain
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By STAN CHOE war. He highlighted trade percent in the morning be- ________________________________209186
AP Business Writer deficits with Canada and fore ending the day up 2.3 La Cabana BRC
NEW YORK (AP) — Stocks Mexico, and he said tariffs percent. 1 Br WK 11 and 12
shook off morning losses on "will only come off if" a new From its low point of the room #414 a
Monday and surged in the free-trade agreement be- day to its high, the S&P Best View Pool/ocean
afternoon to send the Stan- tween the three countries 500 index carried inves- $17,000 Both
dard & Poor's 500 index to is signed. tors through a swing of 1.9 call:630-1307
its best day in a week. It's Later in the day, House percentage points. It’s the johnnypaesch@gmail.com
the latest turn for a market Speaker Paul Ryan said fifth straight day with a gap _______________________________209186
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President Donald Trump will House "to not advance record-setting run from studio WK 6 room #5508
really risk a trade war. with this plan," according 2017 into January. During 23 weeks remain $8000
The S&P 500 lost as much to a statement issued by his that period, the typical day call:630-1307
as 0.6 percent shortly af- office. saw the S&P 500 drift just 0.5 johnnypaesch@gmail.com
ter trading began, only “It’s incredibly difficult to try percentage points from its ________________________________209186
to finish the day 1.1 per- to understand the whims of low point to high. House For sale
cent higher after rising this current administration The biggest gain in the S&P Tierra del sol
29.69 points to 2,720.94. It's and to try to make fore- 500 came from XL Group, 3 Br, 2 Bath
reminiscent of what hap- casts,” said Emily Roland, which surged after AXA Full air Nice View $575 K
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lation that Trump was only Investments. If a trade war company for $15.3 billion.q
making an opening bid does occur, it would hurt
when he promised to im- the global economy and
pose stiff tariffs on imported the healthy profit growth
steel and aluminum, rather that companies have been
than a final offer. producing, two of the big
The Dow Jones industrial drivers for the market.
average jumped 336.70, or “But right now, we think the
1.4 percent, to 24,874.76, impact should continue to
and the Nasdaq com- be modest, as long as it’s
posite gained 72.84, or 1 all talk and no action,” she
percent, to 7,330.70. Both said.
came back from early- Boeing offered a good ex-
morning losses. ample of how quickly the
Trump took to Twitter again market shifted. The aero-
on Monday to defend the space giant got the major-
tariffs, which have riled ity of its revenue from out-
trading partners around side the United States last
the world and already year, so it would be hurt if
sparked talk of retalia- countries put up more bar-
tion to heighten the wor- riers to global trade. Boeing
ries about a possible trade was down as much as 2.3