Trump and Xi meeting is scheduled at the G-20 summit in Osaka, Japan on Saturday. The two leaders are expected to discuss trade, with investors looking for clues on whether China and the U.S. can make progress towards ending their ongoing trade war.
China and the U.S. have been in a trade war for more than a year. The U.S. has imposed tariffs on more than $250 billion worth of Chinese goods. China has retaliated with tariffs on U.S. products. An agreement between Trump and Xi meeting at the G-20 summit in Japan would avert the next round of tariffs on additional $300 billion worth of Chinese imports.
The Dow Jones Industrial Average traded 21 points higher at the open as Walgreens Boots Alliance shares outperformed. The S&P 500 gained 0.3%, led by the communications services and financials sectors. The Nasdaq Composite advanced 0.5%.
