Wall Street stocks rise as trade war fears abate

  • The US and China are resuming trade talks on Thursday which prompted some market optimism. 
  • China does not want any escalation in the trade war conflict.
  • US stocks are breaking to the upside. 

US stocks are trading higher about 90 minutes after the NYSE open as it has been reported that US and China are resuming talks over trade wars. 

The US benchmark equity market index Standard&Poor's 500 was trading up 0.25% at around 2,728 points while the blue-chip Dow Jones Industrial Average rose 0.12% to 24,797 points after both indices opened deeply in the red.

Indeed, the two biggest economies on the planet on Thursday have started the second round of discussion over the US-Sino trade war saga. The first round led to no conclusion. The US wants China to cut $200 billion in China’s US trade surplus as well as a heightened protection for intellectual property. 

It has also been reported on Thursday, that China does not want any escalation in the trade war conflict.

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