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Wall Street ends near flat after U.S., China announce trade deal

Stock Markets Dec 13, 2019 04:07PM ET
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© Reuters. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York

NEW YORK (Reuters) - The S&P 500 and the Dow industrials ended little changed on Friday after hitting record highs earlier in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.

The Dow Jones Industrial Average (DJI) rose 3.46 points, or 0.01%, to 28,135.51, the S&P 500 (SPX) gained 0.2 points, or 0.01%, to 3,168.77 and the Nasdaq Composite (IXIC) added 17.56 points, or 0.2%, to 8,734.88.

Wall Street ends near flat after U.S., China announce trade deal
 

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Comments (18)
frank wu
frank wu Dec 13, 2019 5:24PM ET
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The US Treasury ADministartor attempted to make the deal in principle, and keep the market afloat, so he can keeps his post.  That's it
value investor
value investor Dec 13, 2019 5:11PM ET
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why sell Saudi arms when the killed Americans , abuse women , have nothing like American constitutions? ... hypocrisy .. that is why
Bruce Ona
Bruce Ona Dec 13, 2019 4:19PM ET
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The US should put bigger tariffs on China until they end the forced ****policy and slave labor camps and the attacks on Churches currently escalating in China. God given human rights like we have in the US constitution; other countries need to adhere to if they want Favorable trade with us. the value of a stock market cannot compare to the value of a human being.
Bill Chan
Bill Chan Dec 13, 2019 4:19PM ET
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You don't know everything. Go China try bullet train go your destination
Thom Miller
Thom Miller Dec 13, 2019 3:52PM ET
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Let’s see here...”We’ll totally gut Obamacare.” Never happened. “We’ll have a middle class tax cut.” Never happened. “Mexico will pay for the wall.” Never happened. “We have a beautiful deal with North Korea.” Never happened. And now. “The Phase 1 trade deal with China has been agreed to.” Believe it when I see it. All lies.
Peter Dikeakos
Peter Dikeakos Dec 13, 2019 3:52PM ET
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Barnum Bailey Circus is alive and well. More laughs from our laughable President's Cabinet and staff. Alas, they don't care about whom they support.
Kenny Venezia
Kenny Venezia Dec 13, 2019 3:40PM ET
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this is TOTAL BEE ESS. what I long ago learned to expect from Trump. anything else is not even worth mentioning. it makes me sick.
Aaron Last Name
Aaron Last Name Dec 13, 2019 2:44PM ET
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Where is the rally up 1 pip on future index
Michael Angelo
Michael Angelo Dec 13, 2019 2:27PM ET
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Al these parody is unbelievably, from both sides actors and public. Both are acting, one side lying and entertaining and the other believing and trying to understand. Really? This is just liquidity, alvos and free press. All in a cocktail.
Dee Mehta
DMFINANCE Dec 13, 2019 2:14PM ET
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Fake market fake dollar who is real gold?
Nikolas Stark
Nikolas Stark Dec 13, 2019 1:39PM ET
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My prediction has come true, US and Chinese agreed on not to further escalating additional tariff, but the situation now is not any better than that. There is no actual signing about de-escalation of any tariff (even though Trump said otherwise). My guess is that Investors would buy this kind of pump that Trump tweeted and market will rally for several days, until it exhausted and realized nothing substantial about de-escalation of tariff. It is just the same situation for months, same tariff, no less, no more. Just more Hopium talks from Trump.
Junk Man
Junk_Man Dec 13, 2019 1:33PM ET
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It seems the deal was already baked into the market.  Basically the threat of Tariffs are still there but it's seems to be a diminishing market manipulation tool...
 
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