https://apnews.com/678807da01233179c96f9715868c132a

NEW YORK (AP) — After months of waiting, markets had a muted reaction to news Friday that the US and China had reached an initial deal on trade.

The agreement to a “Phase 1” deal means that the US won't impose new tariffs on Chinese goods that had been set to kick in this weekend. President Donald Trump and China made separate statements confirming the agreement. Technology companies, which rely heavily on China for sales as well as parts, rose.