Disney, Comcast Stocks Rally After US-China Trade Deal
A number of major entertainment companies, including Disney and Comcast, are seeing their share prices jump higher on Monday morning hours after the U.S. and China reached a deal to scale back their respective tariffs on each country. The 90-day agreement will see both the U.S. and China reduce their tariffs by 115 percentage points each, bringing the U.S. tariff on China down from 145% to 30%, and China's down from 125% to 10%. That agreement sparked a bull run on Wall Street on Monday morning, with the three major indexes - the S&P 500, Dow Jones and Nasdaq - all jumping at least 2.40% . . .