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Stocks On Pace To Close Up For The Week

Stocks closed mixed yesterday as the market awaits more news on the U.S.-China tariff truce.

There's been plenty of great news this week regarding China. They agreed to increase foreign access to their markets, they will be reducing tariffs on U.S automobiles, and they have made a sizable purchase of U.S. soybeans as promised in the truce.

But, of course, the market wants more. The idea being the more movement they see from China now, the greater the likelihood that there will be a deal come Feb 28th.

In other news, yesterday's Weekly Jobless Claims came in better than expected, dropping -27,000 to 206,000 vs. views for 233,000. Analysts noted this was the best showing since the historic lows were made in mid-September.

Today we'll get a look at Retail Sales, Industrial Production, and Business Inventories.

And if all goes well, the markets are on pace to close up for the week.


Kevin Matras

Executive Vice President, Zacks Investment Research


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