Stocks approached record highs today. All three major indices closed up on news of a tariff delay and a rate cut from the ECB. The Dow increased 0.2% while the S&P 500 and the Nasdaq both gained 0.3%.
." The move raised hopes of a thaw in trade frictions between the world's two largest economies.
U.S. President Donald Trump meets with China's President Xi Jinping at the G20 leaders summit in Japan, June 29, 2019.The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment. Trade officials from both sides are expected to hold talks in Washington in early October.
Sandven added trade will impact the market "for the foreseeable future" but noted stocks have already had a "banner year."
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