A Bloomberg report said the U.S. and China could be closer to a trade deal
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| | 12/04/2019 | |
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Dow Rebounds on Optimistic Trade Headlines | By Lillian Currens | | The Dow snapped its three-day losing streak today, after a report from Bloomberg suggested the U.S. and China could reach a "phase one" trade deal sooner than investors previously believed. U.S. President Donald Trump also changed his tune, following yesterday's comments that he would hold off on an agreement until after the 2020 election, indicating trade negotiations between the two countries are progressing. But while the S&P and Nasdaq also gained ground on the day, all three indexes settled off their intraday highs on disappointing economic data, including a lower-than-anticipated reading on private payrolls from November. Continue reading for more on today's market, including:. | >> Continue reading... | |
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