Stocks open little changed as Trump-Xi meeting reportedly being pushed back

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After a week of gains, stocks opened little changed after news that a trade meeting between President Trump and Chinese President Xi will reportedly be pushed back.

div > div.group > p:first-child"> The Dow Jones Industrial Average traded just 6 points higher, while the S&P 500 and Nasdaq Composite also chopped around the flatline.

Investors expected the two leaders to meet at Mar-a-Lago later this month as both sides claimed progress was being made on trade negotiations. Apple shares rose more than 0.8 percent after Cowen initiated coverage of the company with an outperform rating and a $220 price target. Cowen cited potential long-term upside from Apple's services business.

The S&P 500 tech sector has been on fire this week, rallying more than 3 percent through Wednesday's close. It also became the best-performing sector year to date.

 

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And trump will use the headline “trade negotiations are going well.” to pump the market for another 4weeks then say no trade deal again. Simple math 🤣🤣🤣🤣🤣

The unsubstantiated anticipation rally has been fun, why not keep it rolling?

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