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Stock Market Heads Into Fourth Straight Day of Gains as US-China Trade Talks Conclude

Wall Street is recording its fourth straight day of gains as investors express optimism about the conclusion of mid-level trade discussions between the United States and China.
The Dow Jones Industrial Average rose more than 150 points on Wednesday, with both the S&P 500 and the Nasdaq Composite climbing 0.5 percent. Global stocks also soared at the end of the two-day meeting in Beijing, where officials from both countries convened starting Monday to negotiate a deal that would potentially end a trade dispute that sent the stock market reeling through most of 2018.
According to China’s foreign ministry, the talks extended into an unscheduled third day. Reuters reported that both parties showed further signs of progress on issues including the purchases of U.S. farm and energy commodities as well as greater access to Chinese markets.
The latest round of talks marked the first face-to-face assembly between Washington and Beijing since President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to a 90-day financial truce at the G20 summit in early December.
The ongoing trade war has already seen new tariffs introduced on $250 billion worth of Chinese imports and Beijing respond with levies on $110 billion in U.S. goods. (The White House put on hold its threat

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Via:: https://footwearnews.com/2019/business/retail/stocks-rise-us-china-trade-talks-january-2019-1202728039/