Wall Street rallies on trade deal hopes, focus shifts to Trump-Liu meeting

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Wall Street rallies on trade deal hopes, focus shifts to Trump-Liu meeting
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Wall Street rose for the third straight session on Friday, with hopes running hi...

- Wall Street rose for the third straight session on Friday, with hopes running high that the talks between President Donald Trump and Chinese Vice Premier Liu He would culminate in a partial trade deal and delay planned U.S. tariff increases.

All eyes are now on Trump meeting Liu in the White House at 2:45 p.m. EDT . The top-level discussions concluded their second day on Friday. The S&P 500 and Dow Jones indexes looked set to break a three-week losing streak on optimism that the world’s top two economies could cool off their row before more U.S. tariffs kick in next week.

However, analysts see S&P 500 earnings dropping 3.2% year-on-year, marking the first decline since 2016, according to IBES data from Refinitiv.

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