Following news that the U.S. and China reached a partial trade agreement on Friday, the stock market sharply rebounded, putting major indexes back within reach of record highs.
Both major indexes returned to near-record highs on the back of the good news: The S&P 500 was up 1.1% for the day—putting it just 1.9% off its record of 3,027.98, while the Dow Jones Industrial Average rose by 1.2%—about 2.1% off its record of 27,398.68.Here’s what we know about the partial trade deal, which helped the market snap a three-week losing streak: that the U.S.
to guidelines for more transparaceny in how it manages its currency, with some additional provisions on intellectual property, like technology transfer. In exchange, the U.S.
. Issues relating to the U.S. blacklisting of tech giant Huawei will not be part of Friday’s deal, the administration confirmed.
Libbylibrarian skleb1234 And how many US companies agreed to move their manufacturing from China back to here? That was the reason for the whole trade war, right?
skleb1234 Bullshit trade “deal”
skleb1234 great day!
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