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Markets Flat Despite Deal Between US, China

Dow is up 3 points
By Newser Editors,  Newser Staff
Posted Dec 13, 2019 3:09 PM CST
Trader John Panin works on the floor of the New York Stock Exchange Friday, Dec. 13, 2019.   (AP Photo/Richard Drew)

(Newser) – The US and China announced a "phase one" deal on trade that removes the threat of new US tariffs going into effect this weekend, but the markets barely budged on the news. The Wall Street Journal suspects that analysts want to hear more specifics before deciding whether it's time to celebrate. President Trump trumpeted the deal as "phenomenal" and said farmers would need bigger tractors because of increased business, but the "devil remains in the details," says an analyst at Bankrate.com. The S&P 500 rose less than 1 point to 3,168; the Dow rose 3 points to 28,135; and the Nasdaq rose 17 to 8,734, per MarketWatch. (Read more stock market stories.)

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