Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations. All three major U.S. stock averages were higher, with Microsoft and Apple Inc providing the biggest lift to the benchmark S&P 500. China remains open to agreeing to a partial trade deal with the United States, despite the inclusion of top Chinese artificial intelligence startups in a trade blacklist, according to a Bloomberg report. "A partial deal with China would at least pave the way for a larger deal down the road," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "Therefore, unless we see a trade deal, the probability of the Fed lowering rates again at the October meeting is high."

Source: Mint October 09, 2019 19:18 UTC