US-China negotiators make progress on issues such as the purchase of U.S. goods and services

Share This Article
January 8, 2019 1:42pm NYSE:SPY

China vs. USA

From Fred Imbert:  The report, which cited sources, said the negotiators made progress on issues such as the purchase of U.S. goods and services.


  • The report, which cited sources, said the negotiators made progress on issues such as the purchase of U.S. goods and services.
  • However, the two sides are still not ready to reach a deal just yet, according to The Wall Street Journal.

Trade negotiators from China and the U.S. have narrowed some of their differences, The Wall Street Journal reported Tuesday.

The report, which cited sources, said the negotiators made progress on issues such as the purchase of U.S. goods and services. It also said that a follow-up conversation between Cabinet-level officials is expected later this month. However, the two sides are still not ready to reach a deal just yet.

Reuters later reported that a U.S. trade delegation member said talks with China would continue Wednesday.

Stocks rose sharply Tuesday on the Journal report, with the Dow Jones Industrial Average briefly up more than 320 points.

China and the U.S. have been engaged in a trade war since last year, with both countries issuing tariffs on billions of dollars worth of each other’s goods. This has kept investors on edge as they gauge the confict’s potential impact on corporate profits.

The reports also come after President Donald Trump tweeted that talks with China were going “very well.”


The SPDR S&P 500 ETF Trust (SPY) was trading at $255.69 per share on Tuesday afternoon, up $1.31 (+0.51%). Year-to-date, SPY has declined -3.80%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 152 ETFs in the Large Cap Blend ETFs category.


This article is brought to you courtesy of CNBC.


9 "Must Own" Growth Stocks For 2019

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories