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Trade Truce Sparks Stock Increase

2018-12-05 02:51
U.S. stocks surged after the United States and China agreed to a 90-day truce in their trade dispute, sending the Dow up over 400 points at open on Dec. 3. Global markets saw a boost as world stocks rose nearly 1 percent after the G-20 summit. An agreement was reached between U.S. President Donald Trump and Chinese leader Xi Jinping to postpone an increase on trade tariffs that will allow more time to smooth out the long-running dispute. Credit: NTD and Reuters