S&P 500 Wavers After $6 Trillion Run on Trade Risk: Markets Wrap
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Wall Street ended the week on a more cautious note, with stocks and bonds fluctuating as the world’s two largest economies get ready to kickstart their trade negotiations.
Investors refrained from making riskier bets on speculation that while discussions between Chinese and American officials could represent a diplomatic icebreaker, a comprehensive commitment would only come to fruition after several rounds of talks. Following a rapid $6 trillion surge in the S&P 500 from the brink of a bear market, action has been more muted in recent days. The gauge closed little changed on Friday.