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Stock Markets Rose As China Will Buy More US Agricultural Goods

Yiran Dai

Summary: Major stock market indexes rose when the market opened on Friday morning. Per CNN Business, Dow Jones increased by 1.2%, the S&P 500 grew by 1.1%, and Nasdaq Composite escalated by almost 1%.

Major stock market indexes rose when the market opened on Friday morning. Dow Jones increased by 1.2%, the S&P 500 grew by 1.1%, and Nasdaq Composite escalated by almost 1%.

Per CNN Business, this surge may be attributed to the U.S.-China phase one trade deal, which requires Beijing to purchase more agricultural goods from the U.S. Bloomberg reported on June 19 that following the talks in Hawaii this week, China is speeding up to import more soy, corn, and ethanol.

By Yiran Dai

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