Wall Street rallies after China trade comments

Posted on AllSides August 29th, 2019
From The Center

NEW YORK (Reuters) - U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.

China’s commerce ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions.

U.S. President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday “at a...

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https://www.reuters.com/article/us-usa-stocks/wall-street-rallies-after-china-trade-comments-idUSKCN1VJ1EP

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