Dow accelerates progress in US-China negotiations



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(Newser)

Shares surged on Wall Street on Friday after Chinese and US authorities decided to continue trade talks in Washington next week. The S & P 500 gained 29 points, or 1.1%, at 2,775; the Dow Jones Industrial Average index rose 443 points, or 1.7%, to 25,883; and the Nasdaq added 45 points, or 0.6%, to 7,472 points per AP. Investors have again weighed on the quarterly results of large companies. Newell Brands shares plunged 21% after stating that the loss of retailer Babies R Us was hurting sales. Toy maker Mattel dropped 18% after posting weaker than expected revenue outlook for 2019.

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