US STOCKS-Kudlow's comments on trade keep Wall Street afloat
U.S. stocks erased early losses to trade flat on Monday, as comments from White House economic adviser Larry Kudlow calmed nerves over the outcome of this week's high-level trade talks with China, with the Nasdaq also boosted by chipmaker Nvidia. It was possible that the two sides could make progress during the talks in Washington and the United States was open to looking at Beijing's proposals, Kudlow told reporters. Tariff concessions last month had fueled hopes of a resolution to the prolonged dispute, but a report that Beijing was increasingly reluctant to agree to a broad deal pursued by President Donald Trump weighed on sentiment.
Published:10/7/2019 12:31:12 PM