Dow Turns Positive, Rebounding from 358-point Loss, after Mnuchin says Trade Talks “Constructive”



Yun Li | CNBC


Stocks rebounded from steep losses on Friday on hope there is still time to strike a trade agreement with China, even after new tariffs were enacted just after midnight.

The Dow Jones Industrial Average gained about 18 points Friday, coming all the way back from a 358-point loss earlier in the session. Stocks began paring some of their losses after Treasury Secretary Steven Mnuchin said China trade talks were “constructive.” Chinese Vice Premier Liu He also said the talks went “fairly well,” according to reports. The talks are now done for the day.

The U.S. told China it had three to four weeks to come to an agreement or the White House would enact more tariffs, according to Bloomberg news.

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