U.S. stock indexes surged higher on Friday, buoyed by growing optimism that the U.S. and China can strike a trade truce ahead of the March 1 deadline. The Dow Jones Industrial Average
rose more than 400 points, closing up 1.7%, the S&P 500
rose 1.1%, while the Nasdaq Composite
lagged, rising 0.6%. The Dow booked its eighth straight weekly gain, which would match the longest such streak for the period ended Nov. 3, 2017, according to FactSet data. In political news, tensions rose in Washington D.C. when President Donald Trump declared a national emergency citing a humanitarian crisis at the Southern Border. In economic news, the Empire State manufacturing index rose 4.9 points in February to 8.8 and industrial production fell 0.6% in January, the first decline in eight months.
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