Stocks rose at the open as investors cheered renewed optimism on the U.S.-China trade front. Wall Street also headed for strong gains for the week.
div > div.group > p:first-child"> The Dow Jones Industrial Average traded 40 points higher, led by a rise in Intel shares. The S&P 500 climbed 0.1 percent as the tech and consumer discretionary sectors outperformed. The Nasdaq Composite advanced 0.3 percent.
Equities headed for strong weekly gains on Friday as the S&P 500 and Nasdaq Composite were up more than 2 percent each through Thursday's close. The Dow was up 1 percent, lagging its large-cap counterparts as steep losses in Boeing weighed on the 30-stock index. Chinese Vice Premier Liu He spoke via telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, Xinhua news agency reported Friday. The report, according to The South China Morning Post, said:"The two sides have further made concrete progress on the text of the trade agreement between the two sides."
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