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© Reuters.
Investing.com – Wall Street was on the rise Friday as trade talks between the US and China went well and would be extended next week.
The increase increased 19 points, or 0.71%, to 9:30 ET (14:30 GMT), while that gained 125 points, or 0.49%, and the techno-heavy rose 41 points, or 0.56% .
President Xi Jinping met with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin and later said the negotiations were progressing, according to Chinese state media.
"Next week, the two sides will meet in Washington, and I hope you will continue your efforts to reach a mutually beneficial agreement," said Xi.
Netflix (NASDAQ 🙂 was among the top winners, up 1%, while Tesla (NASDAQ 🙂 gained 0.8% and PepsiCo (NASDAQ 🙂 jumped 2%, the dividend increase exceeding expectations decrease for 2019.
Nvidia (NASDAQ 🙂 rose 2% after earnings above expectations, while Bank of America (NYSE 🙂 rose 2.1%.
Elsewhere, the Micron semiconductor (NASDAQ 🙂 fell 1.5%, while Activision Blizzard (NASDAQ 🙂 lost 0.2% and Facebook (NASDAQ 🙂 lost 0.6%. Applied Materials (NASDAQ 🙂 fell 4% after expectations for the second quarter were below expectations.
In commodities, it rose 0.5% to $ 1,320.05 troy ounce, while the 1.7% jump reached $ 55.34 per barrel. The, which measures the greenback versus a basket of six major currencies, rose 0.1% to 96.93.
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