NEW YORK — Stocks moved broadly higher as investors turned hopeful that the latest round of U.S.-China trade talks getting underway Thursday in Washington would produce progress on ending the long-running dispute.
The markets were encouraged after President Donald Trump said he would meet with the head of China’s negotiating team at the White House on Friday. He also said China wants to make a deal.
Envoys from each nation start their 13th round of trade negotiations Thursday since the feud started 15 months ago. Markets have been jittery all week as investors continue to assess the potential for a deal amid the latest escalation from the U.S. and China’s recent rifts with the NBA and U.S. companies over free-speech issues.