Stocks jump as hopes grow for U.S.-China trade talks [Los Angeles Times (CA)]
Target Corporation (TGT)
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Source: Los Angeles Times
Stocks jump as hopes grow for U.S.-China trade talks U.S. stocks jumped Thursday as China and the United States said they will hold their first trade discussions in months, a potential sign of progress toward ending their trade war. China is to send a trade envoy to Washington this month in a new attempt to end the trade dispute before it causes major damage to the global economy. The two sides haven't talked since early June. Energy and metals prices and shares of industrial companies turned higher. Walmart soared after reporting unusually strong growth in sales. Other companies that make and sell basic necessities rose too. The Standard & Poor’s 500 index climbed 22.32 points, or 0.8%, to 2,840.69. The Dow Jones industrial average jumped 396.32 points, or 1.6%, to 25,558.73 as Walmart and Boeing made big gains. The Nasdaq composite rose 32.41 points, or 0.4%, to 7,806.52. The Russell 2000 index of smaller-company stocks climbed 15.09 points, or 0.9% to 1,685.75. Jason Draho, the hea
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