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The Closing Bell: Wall Street Extends Gains As Trade Talks Progress
FYI: U.S. stocks edged higher Wednesday, supported by optimism about U.S.-China trade negotiations and reports that President Trump is likely to sign a border-security deal that would keep the government open past Friday.
The Dow Jones Industrial Average inched up 117 points, or 0.46%, to 25542, after earlier rising as much as 200 points. The S&P 500 advanced 0.30%. Both indexes closed Tuesday at their highest levels since Dec. 3 and entered Wednesday’s session up at least 9% for the year but 5.2% or more below last year’s records. The tech-heavy Nasdaq Composite added 0.08%, hovering around the level needed to exit bear-market territory with a rise of 20% from its Christmas Eve low.
Ten of the eleven S&P 500 Sectors, led by Energy were in positive territory, only Utilities lagged.
