Wall Street stocks gain on trade optimism

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NEW YORK: Wall Street stocks finished with solid gains on Thursday (Oct 10) on hopes for progress in the US-China trade dispute after President ...

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.

"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.The broad-based S&P 500 gained 18.73 points to close at 2,938.13, as did the tech-rich Nasdaq Composite Index, which ended at 7,950.78.

 

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