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Stocks - Wall Street off Lows as Trump Confirms G20 Meeting With Xi

Published 11/02/2018, 03:02 PM
Updated 11/02/2018, 03:02 PM
© Reuters.  Wall Street rose from session lows on Friday.

Investing.com - Wall Street pared some losses Friday after President Donald Trump said that the United States had had "very good" discussions with China and confirmed that he would be meeting with President Xi Jinping at the G20 summit.

The Dow Jones Industrial Average fell about 0.53%. The S&P 500 fell 0.87%, while the Nasdaq Composite fell 1.64%. All three major averages rose off their session lows following the upbeat remarks on trade from Trump.

"President Xi and I have agreed to meet at G20 summit," Trump told reporters Friday. Trump added that "a lot of progress" had been made toward reaching a deal that would be " very fair for everybody."

Trump's comments, however, appeared to somewhat contradict earlier comments from White House economic advisor Larry Kudlow who said that Trump had not asked his Cabinet to put together a trade deal with China.

Latest comments

Good to know that whatever Trump says is true
If China is accelerating the US Treasury Bonds Sell-Off, it looks as Trump once again is wrong , ... the meaning is clear US, can not defy to the biggest competitor:))
Investors, or anyone for that matter, would be foolish to believe anything Trump says. The man is a compulsive liar, plain and simple.
I guess we are Trump’s toys lol
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