US stocks surge on prospect of trade war thaw
Growth in US services sectors accelerated in August, rebounding from its weakest level in nearly three years
05 September 2019 - 23:10
New York — US stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks in October, while strong US economic data eased fears of a domestic slowdown.
After anxiety about a deepening trade war triggered a sell-off in late July and early August, leading to speculation that a decade-long bull market was ending, the S&P 500 has largely recovered and is now less than 2% short of its July 26 record high close. The benchmark index has climbed 2.4% in the past two sessions...
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