New York, United States — Wall Street stocks were little changed early Friday as major indices were poised to retain big weekly gains following the de-escalation of the US-China trade war.
The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend’s trade talks resulted in both the United States and China lowering tariffs on each other for 90 days.
“The fact that we’re not pulling back shows me that there’s a tremendous amount of buying demand,” said Adam Sarhan of 50 Park Investments.
About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 42,293.17.
The broad-based S&P 500 added 0.1 percent at 5,923.30, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 19,146.48.
Broadband and cable company Charter Communications gained 2.5 percent after announcing a deal to acquire Cox Communications for $34.5 billion.
