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The U.S. and China have made progress on narrowing their trade differences, especially on purchases of U.S. goods and services and further opening China's markets, The Wall Street Journal reported. But the two sides are still far from striking a deal, the Journal said. Both sides believe enough progress has been made for a next round of talks among cabinet-level officials, probably later this month in Washington. U.S. stocks extended their rally on optimism over the talks. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.