US STOCKS-Wall St jumps on U.S.-China trade deal optimism

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U.S. stocks rose sharply on Friday as hopes grew that the talks between President Donald Trump and Chinese Vice Premier Liu He would culminate in a partial trade deal and delay planned U.S. tariff increases. Cyclicals were among the day’s best-performing groups, with industrials and others up more than 2% ahead of the third-quarter earnings season set to begin next week.

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