Just three components in the red as Dow pushes Friday gain to 225 points

Dow jumps to session high as Trump says ‘very good chance’ of China trade agreement

The Dow Jones Industrial Average hit an intraday peak late-morning Friday after an employment report from Labor Department appeared to fuel hopes for a rate cut at the end of the month and as President Donald Trump suggested that a deal in trade could be achieved between Beijing and Washington. The Dow was up 240 points, or 0.9%, at 26,441, the S&P 500 index climbed 0.9% to 2,937, while the Nasdaq Composite Index rose 0.9% at 7,944. Speaking to reporters at the White House on Friday before a trip, Trump said there was a “very good chance” that a deal on trade could be struck. Chinese and U.S. officials are expected to meet in Washington on Oct. 10-11 to discuss resolving their longstanding trade differences, with the president suggesting that a deal could be achieved before those meetings.

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