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The search for direction in U.S. stocks remains elusive. For more than three months, the S&P 500 has drifted, unable to see enough progress on trade to mount a rally, but finding enough support from easing monetary policy and the strong consumer to prevent a serious downturn. The index closed last week at 2,986, up 0.5 percent, only slightly more than one percent below its all-time high. But as far back as July 3, it was trading at 2,996. Since then, it has traded in a range between 3,225, its all-time high, and a low of 2,840 on August 5, hardly dramatic stuff. 

Equities rose for the first time in four weeks on rising optimism that the U.S. and China are making constructive progress in their restarted trade negotiations. As we learned on Friday, the scope of what was agreed to was quite limited, as expected, but it is a start. China apparently agreed to buy more U.S. agricultural products and the U.S. agreed to suspend the tariff increase scheduled to take effect this week. But China wants to discuss further the so-called phase one agreement before the end of the month to hammer out the details before it can be finalized.

MINNEAPOLIS – October 10, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) today announced the schedule for the following upcoming investor events.