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The United States and China said they made progress in trade talks that concluded on Friday in Beijing that Washington called “candid and constructive” as the world’s two largest economies try to resolve a nearly nine-month trade war. The White House said it looked forward to the visit to Washington next week by a Chinese delegation led by Vice Premier Liu He. “The trade story has been the undercurrent of the market movement for the last six months,” said Eric Kuby, chief investment officer at North Star Investment Management copper cufflinks. “When the tide is rolling in, as if there is going to be a nice trade deal coming to shore, the market rises.”..
The Dow Jones Industrial Average rose 211.22 points, or 0.82 percent, to 25,928.68, the S&P 500 gained 18.96 points, or 0.67 percent, to 2,834.4 and the Nasdaq Composite added 60.16 points, or 0.78 percent, to 7,729.32 copper cufflinks. In a closely watched initial public offering, shares of ride-hailing company Lyft Inc rose 8.7 percent in their market debut. The pan-European STOXX 600 index rose 0.60 percent. European asset prices were rattled, with the pound weakening against the dollar, after lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time, leaving Britain’s withdrawal from the European Union in turmoil..
In the U.S., benchmark 10-year notes last fell 4/32 in price to yield 2.4033 percent, from 2.389 percent late Thursday copper cufflinks. Capital markets have closely followed moves in Treasuries since last week, when the 3-month U.S. yield exceeded the yield on the 10-year note, an inversion of the yield curve that is widely seen as an indicator of a recession. U.S. consumer spending barely rose in January and income increased modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth quarter, data showed..
President Donald Trump’s top economic adviser said the White House would like the Federal Reserve to reverse some of its recent rate hikes and stop shrinking its balance sheet to protect the U.S. economy from weakness overseas. With the pound sliding, the dollar index, which measures the greenback against a basket of currencies, rose 0.06 percent, with the euro down 0.03 percent to $1.1217. Oil prices rose as U.S. sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy copper cufflinks.
(Reuters) – Lyft Inc’s initial public offering on Thursday marked the latest chapter in the seven-year journey of the U.S. ride-hailing app, from a startup backed by seed funding to a publicly traded company worth more than $27 billion. Early investors along for the ride now stand to make what they invested dozens of time over copper cufflinks. Lyft’s founders, Logan Green and John Zimmer, now hold stakes valued at $675 million and $415 million, respectively. The following is a list of the biggest winners from the IPO. Valuations of the Lyft stakes are based on the company’s share price as of midday Friday..