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

Published 12/13/2019, 04:07 PM
Updated 12/13/2019, 04:07 PM
© Reuters. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York

© 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.

© Reuters. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York

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.

Latest comments

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
why sell Saudi arms when the killed Americans , abuse women , have nothing like American constitutions? ... hypocrisy .. that is why
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.
You don't know everything. Go China try bullet train go your destination
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.
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.
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.
Where is the rally up 1 pip on future index
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.
Fake market fake dollar who is real gold?
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.
People are towards safe heavens whem they heard news that deal news is fake from President but now things are clear may be we will see market drifting up
Don't be sure about that. Some really bad data out of USA this week.
Hah.. China probably got the best deal, like last time
@heine: and tRump won't notices it, he can't read. ;)
Volatile? where?
can't believe anything you read anymore, too much fake news
Trump just tweeted that US and China signed the trade deal.
Trump tweeted that they agreed to do a deal. What kind of deal? The US agrees to stop raising tariffs and to cut existing tariffs by half. In exchange, China agrees to buy US agricultural goods with the actual quotas to be set as part of the "phase 2" deal to be announced around November of next year.
Trump’s sick game
If someone else "leaks", it's their, and your troubled sickness-
your sick game?
I tell you straight up, it will be official or else the China Roar will be loud and clear if it is not. Do this article is useless.
you should try standup comedy. You would be very good at that! :D
China has swine flu, High inflation, and black dead disease, trump signing human right bills to support hk and xinjiang, Chinese commie has not been roaring but begging for US to sign deal. Lol
Wasn't the report last night that Chump had "inked" the deal . Or are they just waiting to pull the plug once we're all in.
clearly you the Chump
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