"Stocks traded near intraday heights Friday, with Dow and Nasdaq on track to get an eighth week in a row, as investors focused on continued progress in China-US trade negotiations," reports Sue Chang and Chris Matthews for MarketWatch. "Expectations for talks to continue next week in Washington have added a new hope that a decision was close, even though the parties appeared far apart at key points."
"The Dow Jones Industrial Average increased 356 points, or 1.4% to 25,796, while the S & P 500 index increased 23 points, or 0.9% to 2,769. The Nasdaq Composite Index climbed 34 points, or 0, 5% to 7,461
"The US-China trade on Friday in Beijing, with reports that dealers remained deadlocked over key issues, but were set to expand their discussions next week in Washington – seen as a sign that both parties was eager to reach an agreement before the March deadline, Chang and Matthews reported. "The US negotiating team met with Chinese President Xi Jinping, and these discussions were said to be busy. China is hoping that the purchase of US semiconductor and other goods will ease tensions and persuade Trump to extend a tariff that ends on March 1. Much of the stock gains this week have been credited for optimism over trade negotiations. Xi welcomed the talks after achieving "important progress", according to China's official Xinhua News Agency, and suggests that the Chinese government is concerned with a rapid resolution of the trade boom.
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MacDailyNews Take: Hopefully, we are close to a comprehensive US-China trade partnership that works for both countries.
I know that In both the United States and China, there have been cases where everyone has not benefited, where the benefit is not balanced, my belief is that one plus one is equal to 3. The cake grows, works together. – Apple CEO Tim Cook March 24, 2018
The United States insists that any country that has placed artificial trade barriers and tariffs on goods entering the country removes these Barriers and Tariffs or is faced with more than reciprocity by the United States Trade must be fair and no longer a one-way gate!
– Donald J. Trump (@realDonaldTrump) June 24, 2018
At least half of the popular fake economies come from assuming that economic activity is a zero-sum game, where is achieved by someone, is lost by someone else. But transactions will not continue unless both parties are reached, whether in international trading, hiring or renting an apartment. – Thomas Sowell, June 14, 2006
Apple CEO Tim Cook optimistic about US and China trade negotiations – February 12, 2019
President Trump says that the US is doing well in trade negotiations with China – January 23, 2019
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Apple CEO Tim Cook: I am very optimistic about trade with the US and China lectures – January 8, 2019
Advisor to President Trump: Apple's Sales Should Pick Up When US China Turns Trade Agreement – January 3, 2019