The week greeted investors with several doses of positive news, as the signs of progress joined with expectations for further monetary stimulus from the Fed after its Wednesday meeting
This was the third straight day of gain for the both indices. Also, foreign portfolio investors (FPIs) were net-buyers for a second straight session
The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months to end a tariff tit-for-tat
The action bars the firms from buying components from US companies without US government approval - a potentially crippling move for some of them
Chinese officials have yet to give a clear sign that they intend to carry through a plan for in-person negotiations in Washington this month
China struggles with its own regional 'special status' issue
"My team is negotiating with them now, but they always change the deal in the end to their benefit," Trump wrote on Tuesday.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are headed to Shanghai next week for resumption of trade talks with China
The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it
The tariff war is not the only issue hindering cooperation
The US goes to mid-term polls on November 6