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Wall Street ends higher, investors eye U.S.-China trade talks



Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 30, 2018. REUTERS/Brendan McDermid

(Reuters) – Wall Street rose on Friday with the S&P 500 and Nasdaq posting their biggest weekly percentage gains in nearly 7 years after the U.S. Federal Reserve hinted at a more dovish approach to future interest rate hikes on Wednesday and investors hoped for progress in the U.S.-China trade dispute at a G20 summit.

The Dow Jones Industrial Average .DJI rose 199.62 points, or 0.79 percent, to 25,538.46, the S&P 500 .SPX gained 22.23 points, or 0.81 percent, to 2,759.99 and the Nasdaq Composite .IXIC added 57.45 points, or 0.79 percent, to 7,330.54.

Reporting By Stephen Culp; Editing by Sonya Hepinstall