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FLASH: S&P 500 advances for 6th session running, closing on the high for the year
There is positive sentiment on Wall Street about a trade deal in anticipation of President Trump’s meeting with Chinese Vice Premier Liu He after the close. There was also some speculation that President Trump could soon announce a Summit with President Xi, as negotiations have entered the late stages.
President Trump said Thursday that trade talks with China were going well and he would only accept a “great” deal as negotiators hammered out differences ahead of a meeting between President Trump and China’s Vice Premier later in the day.
China and the United States are in the middle of intense negotiations to end a months-long trade dispute. Washington wants sweeping changes to China’s economic and trade policies, while Beijing wants President Trump to lift expensive sanctions on Chinese goods.
The White House has no plans to announce a date Thursday for a trade Summit between Presidents Trump and Xi Jinping, senior administration officials said, though they did not rule out the possibility.
Talks are scheduled to go through Friday and maybe longer.
“If it’s not a great deal, we’re not doing it. But it’s going very well. Top officials are here. And we’re very well along on the deal. It’s a very complex deal. It’s a very big deal,” Trump told reporters.
Read Newsmax: Trump Says China Trade Talks Going Well, Will Only Accept ‘great’ Deal | Newsmax.com
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Thursday, the major US stock market indexes finished at: DJIA+166.50 at 26384.63, NAS Comp -3.77 at 7891.78, S&P 500 +5.99 at 2879.39
Volume: Trade on the NYSE came in at 713-M/shares exchanged
- NAS Comp +18.9% YTD
- Russell 2000 +16.2% YTD
- S&P 500 +14.9% YTD
- DJIA+13.1% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish