The job market is still robust.
Apart from that, the U.S. soybeans had been rotting in the fields, while its major importer China had been purchasing Soy from Brazils due to tariff wounds.
Stocks rose even further after Federal Reserve Chairman Jerome Powell said the central bank will be flexible in deciding if and when it raises interest rates. All three of those events addressed issues that investors have been particularly concerned about over the past several months.
Third-quarter USA growth was 3.4 percent, and unemployment is at a five-decade low. Retailers and internet companies rose as well, with Amazon up 5.1 percent at $1,576 and Google's parent company, Alphabet, rising 4.8 percent to $1,074. The Nasdaq composite jumped 158 points, or 2.4 per cent, to 6,621.
Apple's stocks have turned bearish since November 20, 2018 and now are 37.68 percent lower than its historical high of 232.07 US dollars per share set on October 3, 2018, despite over 1.7 percent of rebound in the early morning session on Friday amid an overall rise of USA stock markets. As of 15:30 GMT, Netflix had gained 5.9 percent in value while Intel was not far behind in gains after rising 4.8 percent. And he's going to now criminalise the making of fentanyl, he said. "This proves I was correct". The Fed has worked to gradually increase interest rates over the past couple years, unnerving investors who anxious the Fed could bring about a recession by hiking rates too quickly.
"The Chinese slowdown was expected but today's softer-than-expected ISM number took investors by surprise because the US seemed to be the only port in the storm", Sam Stovall, chief investment strategist of CFRA Research, told Reuters.
No resolution yet for border wall standoff
Later in the afternoon, Trump told reporters, "We're looking at a national emergency because we have a national emergency". Trump, who was not part of the negotiations, spent Saturday morning tweeting about the partial shutdown and border wall.
The central bank indicated at last month's meeting that the economy likely warranted two rate increases in 2019. "The strong December jobs report is a net positive for stocks because investors' biggest concern has been slowing growth". "There's mounting evidence we're going to see a slowdown", albeit not a severe one. And paychecks grew a better-than-expected 3.2% from a year ago as employers raised wages to attract new workers. This move "dampens" the number of people looking to upgrade to new iPhones, he said.
"It seems to be a pretty good indication that the economy isn't anywhere close to recession, at least for now", said Brian Rose, chief Americas economist at UBS Asset Management. China has retaliated. The tit-for-tat tariffs have disrupted trade, hurt manufacturing, roiled worldwide markets and slowed the global economy. Some analysts said investors were acting as if a recession was on the horizon, despite a lack of evidence that the US economy is struggling.
The up and down market continues.
A senior White House economic adviser said he expected trade uncertainty to hit earnings at many USA companies, but that sales at Apple and others with large exposure to China would recover once Washington and Beijing strike a trade deal.
Stocks had started the session lower after separate reports showed a deceleration in factory activity in China and the euro zone, indicating the ongoing trade dispute between the United States and China was taking a toll on global manufacturing.
Stocks have been unusually volatile in recent weeks.