- The S&P 500 and Dow Jones indexes were set to hit fresh record highs at the open, as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood.
White House economic adviser Larry Kudlow said late on Thursday that the world’s two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing about ending a 16-month trade war. “We have been here so many times where the market gets its hopes up and then it gets crushed,” said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.
CNN will blame the lows on Trump and praise someone else for the highs. Lol!
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