(Friday Market Open) Investors appeared to be looking to end the week on a higher note than that set in the last session, when stocks ended mixed.
Optimism seemed higher on thoughts that progress was made during this week’s trade talks between the United States and China in Beijing, which were set to continue in Washington next week. Market participants appear to be hoping the two sides can come to an agreement before a March 1 deadline when tariffs on certain imported Chinese goods are set to increase from 10% to 25%. In related news, Bloomberg reported that President Trump is thinking about extending that deadline.
The trade war has been a headwind for the market for some time, with the latest fallout coming this morning as tractor maker Deere & Co. (DE) missed earnings estimates, saying its results were hurt by higher raw materials and logistics costs and customer concerns over tariff and trade policies. With significant investments in China, DE can be seen as one of the bellwethers for how well the economy there might be doing. So it is often closely watched, especially with the he
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