U.S. Stocks Rise as Trade in Focus; Bonds Drop: Markets Wrap
- Trump says China trade negotiations ‘moving along well’
- American jobless claims unexpectedly fall to seven-month low
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U.S. stocks advanced as investors speculated the Trump administration won’t move forward with a tariff hike on Chinese goods scheduled for Dec. 15. Bonds and the dollar fell.
The S&P 500 Index continued to rebound from a sell-off sparked by a spike in trade tensions that many investors now view as negotiating bluster. Treasury yields climbed after data showed jobless claims slumped to a seven-month low, signaling resilience in the labor market ahead of Friday’s jobs report. Oil closed flat in a very volatile session as OPEC failed to impress traders with what appeared to be a cosmetic revision to output quotas.