Trade tensions took a positive turn today, as the administration signaled they would give China's ZTE a reprieve from harsh U.S. sanctions in exchange for Beijing removing tariffs on billions of dollars worth of agricultural products. The outcome is far from certain, but what's become clear is that both sides have a lot to lose if talks sour. That increases the odds that some type of agreement will ultimately be reached.
U.S. stocks opened in positive territory, but peaked in the late morning and began to give up those gains as the day wore on. At the close, the Industrials hung on to a 68 point gain, while the Transports headed the other way, down 0.42%. Both the Nasdaq and S&P were slightly positive on the day, up 0.11% and 0.09%, respectively.
In Europe, declines across most markets left the Stoxx 600 down 0.05%, though the Europe Dow was able to climb 0.30%. Trading ... Log in or subscribe to continue reading.