Registration was successful!
Please follow the link from the email sent to

S&P 500 Index Reclaims Record Amid Reports of Progress on US-China Trade Deal

© REUTERS / Jason LeeAn investor looks at an electronic board showing stock information of Shanghai Stock Exchange Composite Index at a brokerage house in Beijing, August 26, 2015
An investor looks at an electronic board showing stock information of Shanghai Stock Exchange Composite Index at a brokerage house in Beijing, August 26, 2015 - Sputnik International
Subscribe
The hike in S&P 500 comes amid reports that the United States and China are moving towards the conclusion of certain parts of a trade deal following a phone call between negotiators from both sides.

The S&P 500 Index has briefly reclaimed its old record exceeding 3025.86 which it previously reached in July.

The index was up by 0.6 %, while the Dow Jones Industrial Average and the Nasdaq both gained 0.7%.

The development comes as the United States and China appeared to be heading towards finalising certain parts of a trade agreement after a phone call between negotiators from both countries.

The US and China, the world’s major economic powerhouses, have been engulfed in an on-off trade dispute that has cast a shadow over financial markets and global growth. The talks between the two nations ended last week with Trump saying both sides reached a “very substantial phase one deal."

The two countries previously came close to concluding a trade deal in May.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала