All eyes will be on U.S.-China trade talks tomorrow, but the market isn't expecting much progress.
 | WED, OCT 09, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | MSFT | 138.24 | +2.57 | +1.89% | | AAPL | 227.03 | +2.63 | +1.17% | | CSCO | 46.84 | +0.45 | +0.97% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | BAC | 27.89 | +0.26 | +0.94% | | AMD | 28.46 | +0.23 | +0.81% | | GE | 8.35 | +0.07 | +0.85% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 28.46 | +0.23 | +0.81% | | MSFT | 138.24 | +2.57 | +1.89% | | AAPL | 227.03 | +2.63 | +1.17% | |
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The good news on trade negotiations with China can be summed up in three words: "They didn't cancel."
Market expectations for significant developments out of trade talks Thursday and Friday are pretty low, writes CNBC's Patti Domm. "If you're looking for good news, they didn't cancel the trip," said Tom Block, Fundstrat Washington policy strategist.
Stocks held onto gains throughout the day on these modest hopes.
Usually, stocks run higher following cuts from the Federal Reserve, but the S&P 500 remains lower since the Fed last lowered its key rate on Sept. 18.
 The Fed released minutes from this meeting at 2 p.m. today. They showed Fed members are divided on how long the central bank should continue to cut rates amid a slowing global economy in the throes of a trade war. Fed members also discussed whether they should really be giving the market everything it expects. "It might become necessary … to seek a better alignment of market expectations … with policymakers' own expectations for that path," the minutes said. For more markets and investing content check out "Squawk Pod" our new daily podcast from the production team behind CNBC's flagship morning show "Squawk Box." New episodes are available each weekday around 10 a.m. ET. "Squawk Pod" is available to listen, download or subscribe at: CNBC.com/squawkpod and across all major platforms, including: Apple Podcasts, Stitcher, Spotify and Google Podcasts. |
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