Stocks extended their gains in late-afternoon trading on Wall Street as investors remained optimistic that the U.S. and China will make more progress in resolving their costly trade dispute and more in Wednesday’s Stock Market Update.
Technology companies, industrial stocks and retailers accounted for much of the market’s broad gains, a sign that traders expect the economy to remain healthy.
Key officials from the world’s two largest economies will meet Thursday and Friday to try and stave off an escalation of a trade conflict that has hurt companies and consumers by raising prices on a number of products. President Donald Trump has said he might let a March 2 deadline slide if the U.S. and China get close to a deal.
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