Stocks Rally to End Week
Stocks rallied on trade optimism late in the week, erasing the S&P 500 Index’s 2% loss through Tuesday. U.S. markets’ slide began Monday and intensified on Tuesday as the S&P 500 fell 1.5% following renewed reports that the Trump administration was planning to restrict U.S. investors’ capital flows into China. However, the trade narrative flipped midweek, as investors became increasingly optimistic that both sides may be willing to accept a partial trade deal that would avoid more tariffs in October and December.
Economic data released this week sent mixed signals about the state of domestic inflation. T
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