Stocks Keep Climbing as Hopes for US-China Trade Deal Rise [The New York Times]
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Source: The New York Times
Stocks Keep Climbing as Hopes for US-China Trade Deal Rise - The New York Times NEW YORK — Stocks in the and Europe are surging Friday as renewed hopes for progress in trade talks between the and China contribute to the market's newfound optimism. Stocks rallied after Bloomberg News reported that China's government offered to buy more goods and services from the , potentially eliminating its trade deficit by 2024. Technology and industrial companies made some of the top gains, while banks rose after more of them posted strong fourth-quarter reports. Stock indexes have made big gains since reaching a low point on Christmas Eve, as the S&P 500 has risen for four weeks in a row. KEEPING SCORE: The S&P 500 index rose 32 points, or 1.3 percent, to 2,668 as of 11:30 a.m. Eastern time. The Dow Jones Industrial Average gained 278 points, or 1.1 percent, to 24,648. The Nasdaq composite added 87 points, or 1.2 percent, to 7,171. The Russell 2000 index of smaller and more -focused companies pi
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