Stocks ended a tumultuous week with a massive comeback. The Dow closed up about 114 points, roaring back from a 358-point loss earlier today. The S&P 500 and Nasdaq both closed in the green, despite notching their worst weeks of the year.
Stocks staged a massive reversal on Friday after President Donald Trump said conversations with China over trade will continue and his relationship with President Xi Jinping remains strong.
Despite Trump's tweet that conversations with China would continue, Mnuchin later told CNBC no official talks are planned as of now. Trump's"bark is worse than his bite a lot of the times," said Arian Vojdani, investment strategist at MV Financial."We might see him try to come down a little hard, but ultimately people really don't think we are going to see that drastic trade war play out ... The administration is very keen on markets and they don't want to see pain."
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