Dow logs 300-point gain as stocks string together four-day winning streak
U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500 rose 1.3% to end around 2,671. The Dow Jones Industrial Average picked up 342 points, or around 1.4%, to end around 24,713, based on preliminary numbers. The Nasdaq Composite rose 1% to around 7,157. For the week, the Dow was up 3%, the S&P was up 2.9% and the Nasdaq was up 2.7%. Investors pinned hopes on progress in U.S.-China trade talks after a report from Bloomberg News said that Chinese officials would increase imports from the U.S. to close their bilateral trade deficit to zero by 2024. As for corporate news, shares of Netflix Inc. fell around 4% after revenue growth fell short of expectations.
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