Wall Street stocks finished with solid gains on Thursday on hopes for progress in the US-China trade dispute after President Donald Trump announced he would meet with China's top trade envoy.[NEW YORK] Wall Street stocks finished with solid gains on Thursday on hopes for progress in the US-China trade dispute after President Donald Trump announced he would meet with China's top trade envoy.
The market rallied following Trump's tweet announcing a planned meeting on Friday with Vice Premier Liu He, raising hopes about prospects for high-level trade negotiations that resumed Thursday. Stocks have gyrated this week in response to conflicting signals from Washington and Beijing, tumbling after the US announced new restrictions on Chinese companies over human rights abuses and rallying on reports emphasising the possibility of a narrow agreement that averts further tariffs.
"As it has been the case all week, the trade talks with China dominated headlines this morning, and the President's tweets in the topic triggered the rally in stocks and global risk assets," said Gorilla Trades strategist Ken Berman.
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