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Wall Street rises as trade optimism counters weak data
The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism about the prospects for a U.S.-China trade agreement, but gains were capped by downbeat manufacturing and consumer reports. "The optimism over trade resolution is outweighing the weakening economic data," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, who said Friday's Chinese and U.S. data were not bullish signs. After President Donald Trump delayed a deadline that would have triggered higher tariffs on Chinese imports, Bloomberg reported on Thursday that a summit between Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen as soon as mid-March.
https://finance.yahoo.com/news/wall-street-futures-bounce-focus-124827024.html?.tsrc=rss
The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism about the prospects for a U.S.-China trade agreement, but gains were capped by downbeat manufacturing and consumer reports. "The optimism over trade resolution is outweighing the weakening economic data," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, who said Friday's Chinese and U.S. data were not bullish signs. After President Donald Trump delayed a deadline that would have triggered higher tariffs on Chinese imports, Bloomberg reported on Thursday that a summit between Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen as soon as mid-March.
https://finance.yahoo.com/news/wall-street-futures-bounce-focus-124827024.html?.tsrc=rss
