US Stocks surged on Washington-Beijing trade talks optimism despite National emergency

US stocks ended higher on Friday led by growing confidence that the Washington and Beijing can strike a trade truce before the March 1 deadline. Stocks rallied despite the tension in Washington D.C. when President Donald Trump declared a national emergency citing a humanitarian crisis at the Southern Border.

The U.S. and China has made progress for their trade negotiations, Chinese media reported on Friday, after Chinese President Xi Jinping met with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing.

The Dow Jones Industrial Average rose 1.74% to 25,883 after gaining 400 points.

Standard & Poor’s 500 SPX up by 1.09% to 2,777, and Nasdaq rose 0.63% closed at 7,055.

Read More : Donald Trump declared national emergency