United States

Markets rise on hopes of breakthrough in trade talks with China

Wall Street caught a bounce Friday as traders got renewed faith in trade talks between the US and China. Major indices were up more than 1 percent, with the Dow Jones industrial average gaining 336.25 points, or 1.4 percent, to close the day at 24,706.35. Other indices followed suit with the S&P 500 popping 1.3 percent and the Nasdaq up 1 percent. Friday’s close marked the fourth straight week of gains for all the major indices. “Investors are optimistic that the impasse with China may be broken. We won’t know for sure until something is signed, but it’s a hopeful signal,” Jack Ablin, chief investment officer at Cresset Capital Management, told The Post. Reports recently emerged signaling that trade talks between the US and ...