U.S. stock indexes on Wednesday opened solidly higher on some tentative optimism surrounding China-U.S. trade talks, ahead of high-level meetings scheduled to commence Thursday. The Dow Jones Industrial Average
rose 190 points, or 0.7%, at 26,355, the S&P 500 index
gained 0.8% to 2,917, while Nasdaq Composite Index
advanced 1% to 7,898. A report from Bloomberg News indicated that China was open to a limited tariff resolution with the U.S., while another from the Financial Times indicated that China has offered to increase purchases of agricultural products. Looking ahead, minutes from the rate-setting Federal Open Market Committee’s Sept. 17-18 meeting will be released at 2 p.m. Eastern Time Wednesday. Before that, investors will be watching for further comments from Powell, who is slated to host a round table in Kansas City on labor market conditions and local banking at 11 a.m. Central Time with Kansas City Fed President Esther George, one of three dissenters in last month’s FOMC meeting. A reading on U.S. job openings will be released at 10 a.m. , and a report on wholesale trade will be released at the same time.
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