US Stocks Rally On Partial Trade Deal With China
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2019-10-12 HKT 04:19
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Wall Street stocks finished higher on Friday as US-China trade negotiations yielded a partial deal that included a halt to tariffs scheduled for next week.
At the closing bell, the Dow Jones Industrial Average stood at 26,813.50, up 1.2 percent but well below session peaks as details about the agreement emerged in the final moments of the session.
The broad-based S&P 500 gained 1.1 percent to 2,969.98, while the tech-rich Nasdaq Composite Index advanced 1.3 percent to 8,057.04.
Friday's deal does not remove existing tariffs in the US-China dispute.
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