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The president cited progress in the 18-month trade war on topics including currency, intellectual property and financial services. And China will buy more U.S. agricultural products. The U.S. for its part will delay the tariff increase that was due next week.
Stocks finish sharply higher Friday on signs the U.S. and China have taken steps to ease trade tensions between the two countries.
Amazon Web Services remains a huge bright spot for the stock, analysts say.