The Dow, S&P 500 and NASDAQ stock indexes all hit new highs this week. Lessening trade tensions, tepid inflation, an accommodative Federal Reserve on hold, and positive company earnings expectations are driving stock prices higher. And investors have tuned out the noise coming out of DC and will continue to do so unless it affects the economic news. All that and more in this week's The Friday Buzz!
- The Long-Awaited Phase One Trade Deal Signed: The U.S. and China signed their first trade agreement since the start of the trade war. In the deal, tariffs on Chinese goods will be reduced and previously announced additional tariffs will not go into effect. China also agreed to purchase more U.S. products. U.S. companies will have additional protections regarding intellectual properties and more access to the Chinese financial services market. Both sides will be monitoring the success of this deal as future deals are discussed. CNBC WSJ