U.S. stock advance for a third season

Cole Marullo, Reporter

US Stocks closed higher for a third session Monday as a pair of billion-dollar deals assure confidence that the U.S. economy continues its steady expansion. The U.S. and China also seem to be having signs of progress that is propelled the U.S. Stocks higher Tuesday, which is going to lead into their third consecutive session of gains.

The Dow Jones Industrial Average added 89.37 points, or 0.4%, to finish at 25,758.69, with Nike Inc. NKE -0.51% rising 3.1% to hit a 50-week high. The S&P 500 index SPX, -0.50% climbed 6.92 points, or 0.2%, to 2,857.05, led by materials and energy sectors.

The Dow jumped up 1.4% which then brought it to its highest since February The S&P 500 added 0.6% and is within 1% of its record. The Nasdaq dipped 0.3% last week, but it is also within breaking its record too.

Some other factors that were driving the market were Pepsi cause of their plans on buying another company called SodaStream International Ltd. for $3.2 billion and then Tyson Foods will buy Keystone Foods for $2.16 billion dollars in cash. Also, the U.S. will be placing a 25% tariff on China for 16 billion dollars worth of goods made in China an action by the Trump administration that China has said it would retaliate against.

Turkey is also dealing with problems with their government and stocks right now. Their stock market has also taken a big hit and has been dealing with inflammation, political instability, and debt, and Italy also dealing with debt as well. As of right now, turkey is doing good but the problem is it’s risky and always goes under at certain points making it very versatile in the end. Also with China And the U.S. planning on meeting for a discussion about the tariffs and trade and how to stabilize the stock with this tariff happening.