Markets have muted reaction to long-awaited China trade deal

Friday, December 13, 2019, Vol. 43, No. 50
The Associated Press

Stocks closed with tiny gains on Wall Street as investors weigh the news that the US and China have reached an initial deal in their long-running trade war.

The agreement means the US won't impose new tariffs on Chinese goods that had been set to kick in this weekend. Technology companies, which do a lot of business with China, led the gainers.

The S&P 500 rose a fraction of a point to 3,168. The Dow Jones Industrial Average edged up 3 points to 28,135. The Nasdaq added 17 points, or 0.2%, to 8,734. Bond price rose, sending yields lower.