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Today in the Stock Market

After months of haggling and discussion, phase one of the trade deal with China was signed into affect. Donald Trump met with Chinese Vice Premier Liu He in Washington to move on with this deal. With the signatures in the book, U.S. product purchases by China will be boosted. This boost amounts to over $200 billion dollars of U.S exports consisting of manufactured goods, energy goods, services, and agricultural goods. In the deal there are also provisions to curb forced technology transfers as well as intellectual property theft. As a result the market saw a slight boost as the prospect for trade peace between the two major partners is becoming more of a reality. Since October 11th when Trump announced that a deal was struck with China, the S&P 500 has seen a 12% climb.




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