Reuters
Arjun Panchadar, Journalist, November 22, 2019
The S&P 500 and Dow Jones indexes eked out gains on Friday after President Donald Trump signalled an imminent trade deal with China, while the Nasdaq was weighed down by a slump in shares of Tesla after the launch of its electric pickup truck.
Trump told Fox News that a trade deal with China was “potentially very close”, adding to optimism from remarks by President Xi Jinping that Beijing wanted to work out an initial agreement. Reports earlier in the week had indicated that a truce could be delayed to 2020.
“The positive tone right now is because people have resigned themselves to the fact that they are not going to see a big deal anytime soon, as there are lot of little issues that are going to persist,” said Jeanette Garretty, managing director & principal at Robertson Stephens Wealth Management.
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