US stock indices sharply increased as investors focused on continuing progress in trade talks between China and the US on the last day of their weekly round of discussions. Dow Jones Industrial Average
DJIA, + 1.32%
increased by 280 points, or 1.1%, to 25,724, the S & P 500 index
SPX, + 0.89%
advanced by 0.8% to 2.768, whereas for the Nasdaq Composite Index
COMP, + 0.51%
rose by 0.3% to 7.450. For the week, Dow was at a pace of 2.3% growth, S & P was set at 2.2%, while Nasdaq was set to get 2.2%, at the end of the week, at the end Thursday The US-China trade talks ended in Beijing and negotiating speakers remain deadlocked on key issues but intend to continue discussions until next week in Washington – a sign that both sides are seeking a deal by March . Markets also reacted to the noise of early morning data: the value of imported goods in January dropped for the third consecutive month, decreasing by 0.5% compared to December, due to lower oil prices. The New York State Health Surveillance Index has grown by 4.9 points in February to 8.8, higher than the 7.6 economic expectations. US industrial production fell in January for the first time in eight months, the Federal Reserve said on the eve. In PepsiCo Inc. Corporate News
PEP, + 2.74%
was obtained after a snack and beverage giant produced earnings and earnings in the fourth quarter that were in line with expectations. Looking ahead, markets are waiting for a press conference at 10:00 am Eastern time by President Donald Trump, who is expected to announce a state of emergency through border security.
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