The Dow ended more than 300 points higher today after President Trump said that China and the U.S. have reached the first phase of a trade deal. The S&P 500 rose 1.1% and the Nasdaq increased 1.3%.
jumped 1.3% to 8,057.04. The gains helped the Dow and S&P 500 snap a three-week losing streak. The Dow and S&P 500 gained 0.9% and 0.6%, respectively, for the week. The Nasdaq ended the week up 0.9%.that phase one of the trade deal will be written over the next three weeks
As part of this phase, China will purchase between $40 billion and $50 billion in U.S. agricultural products. Trump also said the deal includes agreements on foreign-exchange issues with China. In exchange, the U.S. agreed to hold off on tariff hikes that were set to take effect Tuesday. President Donald Trump speaks to reporters after arriving aboard Air Force One at Joint Base Andrews, Maryland, September 26, 2019.Stocks fell off their session highs shortly before the close after U.S. Trade Representative Robert Lighthizer said a decision had not been made over additional U.S. tariffs scheduled for December.
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