US stock indexes climb on fresh hopes for US-China trade deal

NEW YORK - US stocks rose on Thursday on hopes that top-level US-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market.

Chinese officials had indicated more willingness to negotiate, according to a Chinese state news agency Xinhua report, while a senior US Chamber of Commerce official said US and Chinese negotiators were working toward an"early harvest" of confidence-building agreements, including one to avoid currency manipulation.

"But there seems to be an acceptance that this thing may not be finished." Apple Inc jumped 1.3% after Longbow Research upgraded the company's stock to"buy", citing higher iPhone 11 demand. Data on Thursday showed US consumer prices were unchanged in September, while underlying inflation retreated.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US indexes tumble as visa restrictions fuel US-China trade worriesNEW YORK (REUTERS) - US stocks ended down sharply and near the day's lows on Tuesday (Oct 8) as news that the United States has imposed visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell suggesting openness to further interest rate cuts.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US: Wall St opens flat with focus on US-China trade talks[NEW YORK] US stocks opened flat on Thursday, as top negotiators from the United States and China meet for the first time since late July to try to hammer out a deal to end the 15-month long trade war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »