Key Takeaways
U.S. equities rallied at midday after President Donald Trump said he and Chinese leader Xi Jinping agreed to more trade talks. The Dow Jones Industrial Average , S&P 500 , and Nasdaq all gained.
Dollar Tree ( DLTR ) shares bounced back from yesterday's selloff when JPMorgan upgraded the stock and raised the price target, with analysts pointing to confidence in the future share price.
Shares of Five Below ( FIVE ) jumped when the discount retailer beat profit and sales estimates and lifted its guidance as transactions rose and sales at new locations were strong.
Tractor Supply ( TSCO ) shares increased when executives gave a positive growth outlook during a Consumer, Technology & Services Conference hosted by Baird.
Brown-Forman ( BF.B ) was the worst-performing stock in the S&P 500 when the maker of Jack Daniel's whiskey warned about "an exceptionally challenging macroeconomic environment" in the coming year.
Shares of PVH ( PVH ) tumbled after the company behind the Calvin Klein and Tommy Hilfiger brands said full-year profit will be cut because of new U.S. tariffs.
Kimberly-Clark ( KMB ) shares declined after the consumer products company sold a majority stake in its international tissue business to Brazil's Suzano.
Oil futures rose. Gold prices dropped. The yield on the 10-year Treasury note advanced. The U.S. dollar was up on the yen, but lost ground to the euro and pound. Most major cryptocurrencies traded lower.
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