Wall Street jumps but ends off highs after partial trade deal
NEW YORK (Reuters) - U.S. stocks ended more than 1% higher on Friday though well off the day’s highs after the announcement of a partial trade deal between the United States and China.
Indexes cut their gains late in the session as the deal was announced amid worries over the possibility of further flare-ups before the agreement is finalized, strategists said.
President Donald Trump, speaking to reporters after talks with Chinese Vice Premier Liu He, said the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases.
The preliminary, partial deal was the biggest step toward resolving a 15-month tariff war between the world’s two largest economies.
The market had risen in recent d ...