U.S. stocks opened slightly higher on Thursday after Chinese officials said they hoped the U.S. would reach a compromise on the two sides' longstanding trade conflict. The S&P 500 SPX, +0.27% was up 0.3% to around 2,849. The Dow Jones Industrial Average DJIA, +0.22% advanced 105 points, or 0.4%, to 25,588. The Nasdaq Composite COMP, +0.11% rose 0.4% to 2,803. The day before, the blue-chip Dow saw its biggest single-day percentage decline since Dec. 4.
Hua Chunying, a spokesperson at China's Ministry of Foreign Affairs, said China "hopes the U.S. will meet China halfway and implement the consensus reached by the two leaders during their meeting in Osaka." On the economic front, retail sales and productivity growth came in stronger than expected, underlining the U.S.'s solid growth foundation. In company news, Walmart Inc. WMT, +5.
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