The market soared following the trade news on Friday.
Following news that the U.S. and China reached a partial trade agreement on Friday, the stock market sharply rebounded, putting major indexes back within reach of record highs.
Both major indexes returned to near-record highs on the back of the good news: The S&P 500 was up 1.1% for the day—putting it just 1.9% off its record of 3,027.98, while the Dow Jones Industrial Average rose by 1.2%—about 2.1% off its record of 27,398.68.Here’s what we know about the partial trade deal, which helped the market snap a three-week losing streak: that the U.S.
to guidelines for more transparaceny in how it manages its currency, with some additional provisions on intellectual property, like technology transfer. In exchange, the U.S.
. Issues relating to the U.S. blacklisting of tech giant Huawei will not be part of Friday’s deal, the administration confirmed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The US and China reportedly reach a partial trade agreementBut progress toward the structural changes President Donald Trump has sought from China remained elusive.
Read more »
U.S., China reach partial trade deal: reportThe U.S. and China reached a partial trade agreement Friday that could help lead to a truce in their trade war and lay the groundwork for a broader deal,...
Read more »
US-China trade negotiators reach preliminary agreement short of a comprehensive dealUS and Chinese negotiators have reached a preliminary agreement that would ease trade tensions but fall short of a comprehensive deal, people familiar with the talks told CNN on Friday.
Read more »
Asia stocks set to trade higher amid US-China trade optimismInvestors will watch for market reaction to overnight developments on U.S.-China trade. American President Donald Trump said in a tweet Thursday that he is set to meet with Chinese Vice Premier Liu He on Friday, raising expectations that progress could be made on the trade front by the two economic powerhouses.
Read more »
U.S.-China made no progress in deputy-level trade talks: South China Morning PostThe United States and China made no progress in deputy-level trade talks held on...
Read more »
US and China could reach a 'fragile agreement,' says Eurasia GroupThe deal could involve China buying more American farm goods and a delay in raising U.S. tariffs on Chinese goods that are slated for Oct. 15, said Michael Hirson of Eurasia Group.
Read more »