China data boosts Wall Street futures to new record highs
- U.S. stock indexes nudged higher to fresh record levels on Friday after strong housing data and indications of resilience in the Chinese economy raised hopes of a rebound in global growth.
Investor sentiment has brightened this week after the world’s top two economies took the first step in calling a truce to their 18-month tariff dispute by sealing a Phase 1 trade deal. Wall Street’s three main indexes were on track to end the week with gains of over 1.5%.
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