Wall Street Rallies on Trade Deal Hopes; Apple Hits Record High

Friday, 11 October 2019 23:29 WIB

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Wall Street rose for the third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases.

Shares of Apple Inc hit a record high and were the biggest boost to the S&P 500 and Nasdaq, while the technology sector was headed for its best day in five weeks.

President Donald Trump said the trade negotiations were going well, and he would meet Chinese Vice Premier Liu He later in the day. The top-level discussions enter their second day on Friday.

At 11:37 a.m. ET the Dow Jones Industrial Average was up 488.82 points, or 1.84%, at 26,985.49, the S&P 500 was up 54.18 points, or 1.84%, at 2,992.31 and the Nasdaq Composite was up 159.43 points, or 2.01%, at 8,110.21.

Source : Reuters


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