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Stocks point cautiously higher to end the week


Added 09-20-19 03:04:02am EST - “Traders have moved on from monitoring central bank activity to China-U.S. trade talks.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Stocks point cautiously higher to end the week”. Below is an excerpt from the article.

U.S. and Chinese officials are meeting in Washington for a second day to prepare trade negotiations next month in the trade war that has cast a shadow on growth.

But expectations have remained modest, with both sides indicating there is little too maneuver on the key sticking points over Beijing's industrial and technology policies.

Major U.S. stock indexes ended mixed Thursday after an early rally fizzled toward the end of the day.

The S&P 500 index rose  less than 0.1 percent, the Dow Jones Industrial Average gave up an early gain, sliding 0.2 percent and the Nasdaq squeaked out a gain of  0.1 percent.

As anticipated, China's central bank reduced its 1-year loan prime rate to 4.2% from 4.25%, slightly easing monetary conditions.

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