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S&P 500, Nasdaq edge higher; tariff deadline in focus

Added 12-09-19 11:03:02am EST - “The S&P 500 and Nasdaq indexes edged higher on Monday, with investors keeping a ...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “S&P 500, Nasdaq edge higher; tariff deadline in focus”. Below is an excerpt from the article.

(Reuters) - The S&P 500 and Nasdaq indexes edged higher on Monday, with investors keeping a close watch on headlines around U.S.-China trade as planned tariffs on Chinese imports kick in on Dec. 15.

Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating tariff disputes but they continue to wrangle over key details.

However, analysts and investors are still hoping for a delay in the deadline, while expecting more positive gestures from both sides.

“Markets are telling us that there are hopes for something positive to come up before the deadline. The two sides might just roll back tariffs or even postpone the date but something will happen,” Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

The latest data from China showed exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from trade tensions.

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