Stocks open higher as trade talks spark optimism Stocks open higher as trade talks spark optimism
Stock benchmarks opened higher Friday morning, set to extend a weekly uptrend for equities, with President Donald Trump scheduled to meet China’s top trade... Stocks open higher as trade talks spark optimism

Stock benchmarks opened higher Friday morning, set to extend a weekly uptrend for equities, with President Donald Trump scheduled to meet China’s top trade negotiator, Vice Premier Liu He, later in the session. The Dow Jones Industrial Average DJIA, +0.46% gained 105 points, or 0.4%, at 25,954, the S&P 500 index SPX, +0.39% climbed 0.3% to 2,782, while the Nasdaq Composite Index COMP, +0.52% advanced 24 points, or 0.3%, to reach 7,484. The Dow and Nasdaq are on pace for a streak of nine consecutive weekly gains, while the S&P 500 is on track to book its fourth straight weekly rise. Talks between Beijing and Washington are intended to avoid an increase in tariffs on some $200 billion in Chinese imports to 25% from 10%, set to occur on March 2, at 12:01 a.m. In corporate news, shares of Kraft Heinz Co. KHC, -27.37% were down more than 26% after the food company late Wednesday reported weaker-than-expected fourth-quarter results, slashed its dividend and revealed an accounting investigation that resulted in a subpoena from the Securities and Exchange Commission.

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Stocks trade higher on optimism over U.S.-China trade talks

Stocks are advancing Friday, buoyed by optimism over U.S.-China trade talks, with President Donald Trump reportedly set to meet Friday with China’s top trade negotiator at the White House.

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