Stocks up with hopes that US-China trade deal still on track

Specialist Michael O'Mara, left, and trader Patrick Casey work on the floor of the New York Stock Exchange Wednesday, Dec. 4, 2019. Stocks are opening broadly higher as traders became more hopeful that a trade deal between the U.S. and China was making progress. (AP Photo/Richard Drew)

Stocks climbed Wednesday and recouped some of their losses from prior days on hopes that a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump. Stocks have swung sharply for months on every hint of progress about talks between the world’s largest economies, and the latest flip-flop followed a report from Bloomberg News saying U.S. negotiators expect a “Phase 1” trade agreement to be completed before tariffs are set to rise on Dec. 15.