Fred Dufour | AFP | Getty Images
President Donald Trump (L) shakes hand with China's President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017.
President Donald Trump is pushing hard to strike a trade deal with China with the hopes of lifting stock market prices further into his re-election bid, three sources briefed on talks told CNBC.
The sources said Trump wants a rally as he gets set to run for a second term and has decided resolving the U.S.-China trade dispute can make that happen.
Trump is increasingly concerned that the lack of a trade agreement could knock down stocks, Bloomberg News reported earlier in the day. Trump has taken notice of the market's gains as both sides get closer to a deal, the report added.
U.S. stocks came out of the gates strong to start 2019, with the S&P 500 rallying more than 11 percent through Tuesday's close. Part of the rally has been fueled by investors increasing bets that China and the U.S. will strike a trade deal soon. However, there are growing concerns that a deal is fully baked into the market, possibly limiting any more gains coming from positive trade news.
CNBC learned through sources on Monday that China and the U.S. were in the "final stages" of trade talks that could end this month. Sources also said the two sides are working on a Mar-a-Lago summit to cap off the negotiations.
Worries over the two countries' skirmish kept Wall Street on edge for most of last year as investors worried about the impasse's impact on corporate earnings.
The White House did not immediately respond to CNBC's request for comment.
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