U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade...
- U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
Wall Street's three main indexes touched their highest level since Aug. 1 and the benchmark S&P 500 indexChina’s Commerce Ministry said its trade team would lay the groundwork with their U.S. counterparts in mid-September for the October talks. The ADP National Employment Report, considered a precursor to the Labor Department’s more comprehensive jobs report, showed U.S. private employers’ payrolls grew at the fastest pace in four months in August, led by big gains in service-sector jobs.
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