US STOCKS SNAPSHOT-Wall St rises as China, U.S. agree on context of trade deal

Published 13/12/2019, 16:21
Updated 13/12/2019, 16:27
© Reuters.  US STOCKS SNAPSHOT-Wall St rises as China, U.S. agree on context of trade deal

Dec 13 (Reuters) - U.S. stocks hit fresh record levels on

Friday after China said first phase trade talks with the United

States have achieved major progress and that Beijing would

cancel tariffs scheduled to take effect on Sunday.

The Dow Jones Industrial Average .DJI was up 107.74

points, or 0.38%, at 28,239.79, the S&P 500 .SPX 8.97 points,

or 0.28%, at 3,177.54. The Nasdaq Composite .IXIC was up 41.69

points, or 0.48%, at 8,759.01.

Wall Street opened lower after President Donald Trump said a

report about a trade deal with China was completely wrong.

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