The announcement of a partial trade deal between the U.S. and China boosted Wall Street on Friday
Indexes also gained for the week, with the Dow and Nasdaq up 0.9% each and the S&P 500 up 0.6%.
Analysts expect S&P 500 earnings to have declined 3.2% year-on-year in the third quarter, which would mark the first fall since 2016, according to IBES data from Refinitiv. The S&P industrial index was boosted by a 17.2% jump in shares of Fastenal Co after the industrial distributor beat quarterly profit expectations.
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