Market Responds Positively to Trade Talks Speculation

In a significant upturn, major Wall Street stock indexes closed higher this Friday. The surge came after China's Commerce Ministry indicated that Beijing is open to initiating trade negotiations with Washington. This development has injected a wave of optimism among investors, hinting at a potential easing of the ongoing trade war between the two economic giants.

Key Indexes Show Notable Gains

The Dow Jones Industrial Average experienced a remarkable rise, closing 1.39% higher, which translates to a 564-point increase. Similarly, the Nasdaq 100 and the S&P 500 weren't left behind, with gains of 1.60% and 1.47%, respectively. These figures underscore the market's positive reaction to the prospect of renewed dialogue between the US and China.

Currency Markets React

Amid these developments, the euro saw a slight increase against the dollar, trading at $1.13059 by 3:59 pm ET. This movement reflects the broader market sentiment influenced by the potential for a breakthrough in US-China trade relations.

More updates to follow as the situation evolves...