What happened to the stock market Friday: Kudlow lifts trade hopes


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…


Wall Street is getting very bullish as stocks hit records

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