But on Thursday the tide began to change. Stocks started a steady climb higher — boosted by aat the Fed's upcoming October 30 meeting — which continued on Friday when U.S. unemployment data came in at its lowest print in more than 50 years.
But Thursday and Friday's gains weren't quite enough to erase the sell-off earlier in the week, and the Dow andIt might feel like the U.S./China trade talks have been going on forever, but critical meetings are slated for next week. National Economic Council Director Larry Kudlow told members of the media on Friday that deputies in the U.S.-China trade negotiations will meet Monday, with the top level officials beginning discussions on Thursday.
There's a lot riding on the outcome of these talks. The Trump administration has imposed tariffs on more than $500 billion of Chinese goods, with another round of tariffs set to go into effect later this month. In retaliation, China has levied its own tariffs on more than $100 billion of American goods.
The United States and China are the world's largest economies, so tensions between the two superpowers hit global markets. On Friday President Donald Trump said there's a "very good chance" of making a deal, and that if it goes through it will be "the biggest trade deal ever made."