US stocks likely to rise to new highs as long as tariffs do not
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US STOCKS rose to record highs last week after Chinese officials dropped hints that tariff pressure would soon be relieved and as multinationals reported solid earnings growth.
This week, investors are nervously awaiting more hints on what the so-called "phase one" trade deal will look like.
A deal does not have to be comprehensive or even a half measure for the rally to continue as long as there is some kind of a ceasefire in the trade war, said Quincy Krosby, chief market strategist at Prudential Financial.
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