Wall Street surges on news of trade progress

By Stephen Culp

NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial average extended earlier gains and the Nasdaq turned positive on Friday on reports of potential progress in easing trade tensions between the United States and its trading partners.

"Any conversations we have with China to come up with a deal and any conversations we have with Mexico would be seen as a win for the U.S.," said Jeffrey Frankel, president at Stuart Frankel & Co, in New York.

The Dow Jones Industrial Average rose 148.81 points, or 0.58 percent, to 25,707.54, the S&P 500 gained 11.7 points, or 0.41 percent, to 2,852.39 and the Nasdaq Composite added 13.00 points, or 0.17 percent, to 7,819.52.

(Reporting by Stephen Culp; Editing by Frances Kerry)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)