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Stocks Open Higher on Plans to Resume U.S.-China Trade Talks


Thursday, 16 August 2018 20:58 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks climbed at the opening bell on Thursday as investors closely eye potential for geopolitical concerns to abate after China and the U.S. plan to renew trade talks.

The S&P 500 rose 13 points, or 0.5%, to 2,832. The Dow Jones Industrial Average advanced 247 points, or 1%, to 25,409. The Nasdaq Composite rose 51 points, or 0.7%, to 7,825. Reports say China's commerce ministry will send a delegation to the U.S. later in August. The development helped to ease fears that tensions between the two largest economies in the world could translate into a full-blown trade war. Equities are also buoyed by stronger than expected corporate earnings from Walmart and Cisco, two constituents of the blue-chip Dow.

Source : Marketwatch


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