NEW YORK — Stocks moved broadly higher in early trading Thursday as investors wait to see whether the U.S. and China make any progress in negotiations aimed at ending their ongoing trade war. The markets were encouraged by an early tweet from President Donald Trump saying that China wants to make a deal, though he did not say whether he was also willing to come to an agreement. Envoys from each nation start their 13th round of trade negotiations Thursday since the feud started 15 months ago. Markets have been jittery all week as investors continue to assess the potential for a deal amid the latest escalation from the U.S. and China’s recent rifts with the NBA and U.S. companies over free-speech issues. Apple and Microsoft led the technology sector higher. The sector is particularly sensitive to any news coming out of trade negotiations because many of the companies rely on China for sales growth and supply chains. Bank of America rose 1.6% and led bank stocks higher. The sector benefited rising bond yields on a report showing inflation was muted in September. Higher yields allow banks to charge more lucrative interest on loans. The yield on the 10-year Treasury… Read full this story
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