US stocks erase losses, finish higher after Trump refrains from China sanctions | Markets Insider

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US stocks erase losses, finish higher after Trump refrains from China sanctions

US stocks gained on Friday, reversing earlier losses after President Donald Trump's news conference on China.

Trump said he would begin taking steps to revoke Hong Kong's preferential treatment, but stopped short of imposing sanctions on China. US consumer spending in April also posted the biggest drop on record as the personal savings rate jumped to a record 33% from 12.7%.Read more on Business InsiderUS stocks rallied Friday, reversing earlier losses, after President Donald Trump's press conference on China offered fewer fireworks than expected.

During the anxiously awaited address, Trump said that he would begin taking steps to revoke Hong Kong's special treatment. Still, he did not institute sanctions on China or indicate that the US would pull out of the phase-one trade deal the countries reached earlier in the year.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Before he blew it with his vitriolic fiction in his news conference

Take that China!! 🤣🤣🤣🤣🤣🤣🤣🤣

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