U.S. markets showed strength throughout Friday as trade talks between the U.S. and China are signaling a possible deal is near. In a letter to U.S. President Donald Trump, China's Xi Jinping said that both parties will redouble their efforts to meet halfway on trade. Trump said that perhaps they will work out the final points, or perhaps not, as the market backed off its midday highs....
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Stocks rose on Friday as another round of trade talks between the U.S. and China wrapped up with investors increasingly more hopeful a deal will be struck.The Dow Jones Industrial Average gained 181.18 points to 26,031.81 as Intel outperformed. The 30-stock index also broke above 26,000 for the first time since early November and posted its ninth consecutive weekly gain, its longest streak since...
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Continue reading >>U.S. markets were sluggish on the open and throughout Thursday’s action following a number of disappointing economic reports. The pullback ended 8-session and 3-session winning streaks for the major indexes but was much needed as overbought levels remain in play. Near-term support levels easily held while volatility closed below current resistance levels with the major indexes now slightly...
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