Dow up 200 points after report of $1 trillion–a–year China olive branch on trade [MarketWatch]
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Source: MarketWatch
Dow jumps 1.5% amid report that China open to extending $1 trillion-a-year olive branch on trade U.S. stock indexes Friday midday clambered higher after a report from Bloomberg said Chinese officials were open to eliminating an imbalance with the U.S. that has been a source of trade tension between the two largest economies in the world and a major headwind for stocks. The Dow Jones Industrial Average DJIA, +1.45% rose 368 points, or 1.5% at 24,734, the S&P 500 index SPX, +1.39% advanced 1.5% at 2,674, while the Nasdaq Composite Index rose 1.4% at 7,181. Bloomberg on Friday , citing sources familiar with talks, reported that China has offered to go on "a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world's two largest economies." China would increase purchases of U.S. imports over six years to reach more than $1 trillion per year, according to the report, which comes a day after the Wall Street Journal repo
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