The Dow Jones Today Will Extend Its Hot Streak as Trade Tensions Ease

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Dow Jones today will look to extend its nine-week winning streak when the bell opens on Monday.

Over the weekend, U.S. President Donald Trump decided to extend a key deadline on tariffs. That news has Dow Futures up 159 points before the bell Monday. The uptick comes after Chinese stocks saw their best one-day performance in three years.

But don't get too comfortable. We'll break down President Trump's announcement below.

Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:

Index	Previous Close	Point Change	Percentage Change
Dow Jones	26,031.81	+181.18	+0.70%
S&P 500	2,792.67	+17.79	+0.64%
Nasdaq	7,527.54	+67.84	+0.91%

Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

The Top Stock Market Stories for Monday Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) took a $4 billion hit after Kraft Heinz Co. (NYSE: KHC) offered a dismal earnings report last week. Buffett says that his company did not overpay for Kraft when it bid on the company and combined it with Heinz. Buffett conducted an interview with CNBC over the weekend that offered his take on current market conditions. He said that Berkshire was very close to making a "very large acquisition" a few months ago. Buffett would not disclose which company his firm considered nor would he say what caused his decision. "I'll give you a hint," he said. "It's on the planet." Berkshire now has a cash pile worth $112 billion.

President Trump announced over the weekend that his administration will extend its March 1 deadline to reach a new deal on trade with China. The president cited "substantial progress" between the United States and China. According to multiple reports, Trump is considering a meeting at his Florida golf club with Chinese President Xi Jinping in late March. Trump met with the nation's vice premier last week as the countries tried to overcome differences over technology transfers and Chinese support for its currency. China has already committed to buying $1.2 trillion in U.S. goods to help alleviate the massive trade deficit between the two countries. But there are still no specifics from the administration on how long the deadline will be extended for. Plus, the president is holding a second sit-down talk with North Korea this week that could ratchet up uncertainty, especially if the meeting ends poorly. In deal news, shares of General Electric Co. (NYSE: GE) popped more than 17% in pre-market hours. The company has sold its biopharma business for $21.4 billion to Danaher. The company will use the proceeds to cut down on leverage and bolster its balance sheet. Money Morning Insight of the Day

America's No. 1 Pattern Trader used to be an average Joe scraping to get by. He never graduated from college, and he spent most of his career as a Home Depot customer service rep.

He didn't want to be stuck at a job he didn't like until he was 80 – so he taught himself how to trade. He found he had a knack for it, and he became richer than he ever thought possible.

Then he invented his patent-pending Money Calendar, and he knew it could change people's lives.

Now, for the first time ever, he's revealing all his trading secrets and strategies – so you can amass a fast fortune for yourself.

Step by step, click by click, he'll guide you through setting up your account – and show you how to set up a series of take-it-to-the-bank payouts of $605… $822… $1,190… $2,830 every single week.

There's no guesswork involved, and the best part is – it'll only take you 10 minutes per day! Click here now to start this once-in-a-lifetime journey…

Stocks to Watch Today: KHC, HD, JWN, M, AAPL Kraft Heinz Co. (NYSE: KHC) is still licking its wounds after an abysmal earnings report on Thursday and a weak 2019 outlook. The consumer goods giant is looking to reshape its business as consumer tastes continue to evolve. According to reports, the firm – backed heavily by Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) – is considering a deal to sell its Maxwell House brand. Warren Buffett is also affecting shares of Apple Inc. (NASDAQ: AAPL). Although AAPL stock added 0.4% in pre-market hours, Buffett said he would not purchase more shares of the company stock at these levels. However, should AAPL stock pull back in the near future, the "Oracle of Omaha" would consider purchasing more. Earnings season may be winding down, but concerns about the U.S. brick-and-mortar retail industry are always high. This week, Home Depot Inc. (NYSE: HD), Nordstrom Inc. (NYSE: JWN), and Macy's Inc. (NYSE: M) will report earnings from the holiday quarter. Look for earnings reports from American States Water Co. (NYSE: AWR), Chatham Lodging Trust (NYSE: CLDT), EPR Properties (NYSE: EPR), Etsy Inc. (NASDAQ: ETSY), Life Storage Inc. (NYSE: LSI), Mosaic Co. (NYSE: MOS), Oneok Inc. (NYSE: OKE), Potbelly Corp. (NASDAQ: PBPB), Preferred Apartment Communities Inc. (NYSE: APTS), Rent-A-Center Inc. (NASDAQ: RCII), Shake Shack Inc. (NYSE: SHAK), and Tenet Healthcare Corp. (NYSE: THC).

Follow Money Morning on Facebook, Twitter, and LinkedIn.

Join the conversation. Click here to jump to comments…