According to reports, a "phase one" trade deal is drawn up and pending Trump's approval
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| | 12/12/2019 | |
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Stocks Grab New Highs on Potential Trade Deal | By Lillian Currens | | The Dow shot up to a new high in early action, as Wall Street excitedly eyed trade developments between the U.S. and China. Today's events were initially sparked by a tweet from President Donald Trump that a trade deal was close, which was then followed by a report that U.S. negotiators have drawn up the terms of a "phase one" trade deal, which is pending Trump's approval. Against this backdrop, the S&P and Nasdaq also clocked record highs in intraday action, with all three indexes erasing their week-to-date deficits. Continue reading for more on today's market, including:. - One bull is targeting a massive rally for gold.
- The rare upgrade that gave this former Dow stock a leg up.
- Plus, Canopy launches CBD brand; bears blast ORCL stock; and EA stock runs into trouble.
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