Friday, 11 October 2019 Stocks closed sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating.
President Donald Trump agreed to suspend an increase in tariffs on $250 billion in Chinese goods due to kick in Oct. 15. In exchange, China agreed to boost purchases of U.S. farm products. Technology and industrial companies led the gains.
The S&P 500 index rose 32.14 points, or 1.1%, to 2,970.27.
The Dow Jones Industrial Average climbed 319.92 points, or 1.2%, to 26,816.59.
The Nasdaq gained 106.26 points, or 1.3%, to 8,057.04.
The Russell 2000 index of smaller company stocks picked up 26.54, or 1.8%, to 1,511.90.
Apple shares just saw a big price target raise, as its new Apple TV Plus is emerging as a legitimate threat, according to Wedbush Securities analyst Dan Ives. The stock rose 1.22% to $232.90 in pre-market trading on Friday. President Trump also made a positive comment about trade talks with China,...