ReutersWall Street rose on Friday with help from positive comments from Washington and Beijing about progress on efforts to reach a US-China trade deal, and from upbeat domestic economic data. US President Donald Trump told Fox News that a trade deal was “potentially very close” following remarks by President Xi Jinping (習近平) that Beijing wanted to work out an initial agreement. “It’s tied back to the on-again, off-again narrative that’s been the consistent theme regarding a potential trade deal with China. However, benchmark S&P 500 index snapped its six-week winning streak, while the tech-heavy NASDAQ saw its first weekly drop in eight weeks. The S&P 500 posted 17 new 52-week highs and two new lows; the NASDAQ Composite recorded 49 new highs and 73 new lows.

Source: Taipei Times November 23, 2019 15:56 UTC