China and the United States announced partial trade agreements

                                                                                    INQUIRY

      U.S. stocks closed up more than 1% on Friday, but after the announcement of some trade agreements between China and the United States, the gains were much lower than the day's high.
Strategists said that after the announcement of some agreements, the market feared that there might be problems in the agreement, which led to the tail of the stock index to reduce the increase.
President Trump said that the United States and China have reached substantive first-stage trade agreements on intellectual property rights, financial services and procurement of large quantities of agricultural products.
Trump told reporters after talks with Chinese Vice Premier Liu He that China and the United States are very close to ending the trade war.
The market rose sharply earlier in the day because of optimism about reaching an agreement.
"Any news that fails to reach a comprehensive agreement may trigger a sell-off to some extent," said Michael James, managing director of Wedbush Securities Stock Exchange.
"Timing has a lot to do with market volatility. Friday's trading time is 15 minutes away... and the Dow has risen 700 points in the past two days, "he said.
Booming stocks were one of the best performers of the day, with the S&P Industrial Stock Index rising by about 2%, and U.S. stocks will start the third quarter next week.


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