Markets spark hope of US-China deal



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(Newser)

Shares closed higher on Friday as investors equated a report that the US and China could conclude a trade deal within a month. The S & P 500 index rose 19 points to establish at 2,803, the Dow Jones Industrial Average, 110 points to settle at 26,026 and the Nasdaq, 62 points to 7,595, by AP. Health care and technology companies have contributed significantly to market gains. Retailers have also grown. Gap gained momentum following the announcement by the retailer of the separation of its Old Navy brand into a separate company. Foot Locker has grown thanks to strong earnings and a forecast of higher profits in 2019. (Read more articles on the stock market.)

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