Dow Jones Industrial Average jumps 222 points
The Dow gained 222.93 points, or 0.80%, to close at 28,004.89. The S&P 500 jumped 0.77% to end the day at 3,120.46. The Nasdaq Composite advanced 0.73% to 8,540.83. Positive commentary on U.S.-China trade talks propelled the major averages to fresh record highs.
Kudlow: A deal is ‘getting close’
White House economic advisor Larry Kudlow said Thursday night that China and the U.S. were “getting close” to signing a phase-one trade agreement. That was all Wall Street needed to push stocks to new all-time highs on Friday. Kudlow’s comments came after reports earlier this week suggested both sides were struggling with some of the terms in the…