U. S. stocks wiped out earlier losses and moved higher Friday after Treasury Secretary Steven Mnuchin described high-stakes trade talks with the Chinese delegation in Washington…
U. S. stocks wiped out earlier losses and moved higher Friday after Treasury Secretary Steven Mnuchin described high-stakes trade talks with the Chinese delegation in Washington as “constructive.”
Mnuchin made the remarks to reporters after the negotiations between the two countries ended with no deal. The Chinese delegation is expected to leave Friday evening.
The Dow Jones industrial average closed up 114 points, or 0.44% at 25,942, while the Standard & Poor’s 500 index rose 11 points, or 0.37%, to 2,881. The tech-heavy Nasdaq edged up 6 points, or.08%, to 7,916.
The Dow had fallen nearly 350 points earlier. The comeback broke a four-day string of losses for the market but the S&P 500 still turned in its worst week of the year, falling 2.
