Stocks drift higher as U.S.-China trade talks intensify

Stocks opened slightly higher at the start of trade Thursday, as investors continue to watch trade talks between the U.S. and China.

In a tweet Thursday morning, Trump, while taking yet another swipe at the Federal Reserve for raising rates last year, said the China talks were “moving along nicely.” At the same time, there are reportedly major hurdles to be overcome regarding U.S. desires to maintain some tariffs on Chinese goods, as a means to ensure Chinese adherence to the deal.

Shares of Office Depot Inc. ODP, -17.11% were down 16%, after the office-supplies retailer reported preliminary first-quarter results. What are the analysts and traders saying? “US-China trade talks are in the spotlight again this morning as the President is set to meet with the Chinese Vice Premier shortly after the close this afternoon, and he just tweeted that talks are ‘moving along nicely’- a phrase we have been hearing for months now,” Paul Hickey, co-founder of Bespoke Investment Group wrote in a Thursday morning note to clients.

The main event on the economic calendar comes Friday, with the release of the March employment report. Economists surveyed by MarketWatch forecast the U.S. economy added 179,000 jobs last month after a paltry 20,000 increase in nonfarm payrolls in February.New York Fed President John Williams told the Community Bankers Conference in New York that “With the economy running close to our dual mandate goals, monetary policy is in the right place.

...would love to take a ride on one of those across the Ocean... ...would be interesting to see how they keep it balanced, straight, and not tipping over...

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