| December 13th, 2019 5:31 PM
Markets have muted reaction to long-awaited China trade deal
Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq.
The U.S. and China revealed they have reached an initial deal in their long-running trade war. The “Phase 1” agreement means that the U.S. won't impose new tariffs on Chinese goods that had been set to kick in this weekend.