Dow notches longest weekly win streak in about two years as stocks soar on trade optimism – MarketWatch

Kudlow says there's a sizeable distance to go on talks with China - MarketWatch

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

DJIA, +1.74%

rose more than 400 points, closing up 1.7%, the S&P 500

SPX, +1.09%

rose 1.1%, while the Nasdaq Composite

COMP, +0.61%

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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