Markets Rise on Hopes of US-China Deal

Dow is up 110
By Newser Editors and Wire Services
Posted Mar 1, 2019 3:17 PM CST
In this Feb. 15, 2019, photo, trader Tommy Kalikas works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks closed higher Friday as investors digested a report saying the US and China could hammer out a trade deal within the next month. The S&P 500 index rose 19 points to 2,803, the Dow Jones Industrial Average rose 110 points to 26,026, and the Nasdaq rose 62 points to 7,595, per the AP. Health care and technology companies accounted for much of the market's gains. Retailers also rose. Gap soared after the retailer said it would split off its Old Navy brand into a separate company, and Foot Locker rose on strong earnings and a forecast of surging profits in 2019. (Read more stock market stories.)

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