U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level ...
- U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares lifted the technology sector.
“The tweet ... is giving market participants a reason to believe that perhaps a trade deal or at least a partial deal might be announced as early as tomorrow,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York. “Some sort of agreement towards currency is fine, but it would not get us anywhere near from where we started this issue,” Pavlik said.
“There is just too much pessimism overall. Investors know that we are not going to get a proper deal, but are still looking for some bit of good news to digest,” said Jason Browne, president at Alexis Investment Partners LLC in Bethlehem, Pennsylvania.
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