NEW YORK - US stocks rose on Thursday on hopes that top-level US-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market.
Chinese officials had indicated more willingness to negotiate, according to a Chinese state news agency Xinhua report, while a senior US Chamber of Commerce official said US and Chinese negotiators were working toward an"early harvest" of confidence-building agreements, including one to avoid currency manipulation.
"But there seems to be an acceptance that this thing may not be finished." Apple Inc jumped 1.3% after Longbow Research upgraded the company's stock to"buy", citing higher iPhone 11 demand. Data on Thursday showed US consumer prices were unchanged in September, while underlying inflation retreated.
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