NEW YORK: Wall Street stocks rocketed higher on Thursday following news that the United States and China will resume high-level trade talks in October, raising hopes of possible progress in the trade war.
The announcement on US-China talks comes less than a week after both Beijing and Washington enacted new tariff measures on each other. The grinding dispute has hung over markets for more than a year.The report from payrolls firm ADP on private-sector hiring estimated August job growth at 195,000 new positions, above analyst expectations.
The Institute for Supply Management's monthly non-manufacturing index leapt 2.7 points to a reading of 56.4, overshooting economists' expectations and hitting its highest level since May.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: