SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets end higher on plan for new trade talks

06 Sep 2019 Evaluate

The US markets ended higher on Thursday on reports that the US and China plan to hold high level trade talks in early October. A statement from China's Commerce Ministry said both sides agreed to the new round of talks during a phone call between Chinese Vice Premier and chief trade negotiator Liu He and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. A spokesperson for the US Trade Representative's office confirmed the phone call and said the US and China agreed to hold meetings in the coming weeks. The US and Chinese officials will purportedly hold deputy-level talks later this month in preparation for the meeting in October.

On the economic data front, new orders for US manufactured goods jumped more than expected in the month of July, the Commerce Department revealed in a report released. The report said factory orders surged up by 1.4 percent in July after climbing by a downwardly revised 0.5 percent in June. Street had expected factory orders to jump by 1.0 percent compared to the 0.6 percent increase originally reported for the previous month. Meanwhile, the Institute for Supply Management (ISM) released a separate report showing a notable acceleration in the pace of growth in US service sector activity in the month of August. The ISM said its non-manufacturing index climbed to 56.4 in August after falling to 53.7 in July, with a reading above 50 indicating growth in service sector activity. Street had expected the index to inch up to 54.0.

Dow Jones Industrial Average rose 372.68 points or 1.41 percent to 26728.15, Nasdaq gained 139.95 points or 1.75 percent to 8116.83 and S&P 500 was up by 38.22 points or 1.30 percent to 2976.00.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×