Stocks are set to add to Thursday's rally as US and China near signing of trade deal

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The after hours moves follow the major averages reaching all-time highs on Thursday.

Spencer Platt | Getty Images News | Getty ImagesU.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a "phase one" trade deal, removing a key uncertainty for investors less than three weeks before the end of the year.added 0.2% in after hours trading Thursday. Stock market futures were set to open at 6 p.m. ET. The Dow jumped more than 200 points while the S&P 500 closed 0.9% higher on Thursday.

Wall Street was already headed for solid weekly gains in anticipation of a deal ahead of the Sunday tariff deadline. The S&P 500 and Nasdaq were both up 0.7% for the week while the Dow had gained 0.4% through Thursday., sources told CNBC. As part of the deal, the U.S. would scrap additional levies set to take effect on Sunday. The U.S. also proposed cutting tariffs on $360 billion in Chinese goods by up to 50%.

Futures also moved Thursday night after exit polls showed the U.K.'s Conservative party winning a big majority in Parliament, giving Prime Minister Boris Johnson a

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Futures up

pump it before it’s even friday!!! gogogo!!! buybuybuy!!! stonks can never go down!!! only up up up!!!

What a joke!

Everything I’ve read so far looks like Trump caved:

Sell. Sell. Sell.

A preliminary, mini - trade deal imminent? Uh huh.

NO TRADE with the COMMUNIST PRC!

Every time the US market heads south, something like this gets printed, I'll believe it when I see it AP bbc wsj dw cnn France24_en npr reuters nar PDChina SkyNews business BW

Can’t wait to hear the details!!!! 🥳🥳🥳🥳

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