US closes in green amid trade expectations

Tuesday, 26. November 2019 22:01

Equities in the United States stock markets closed higher on Tuesday after the United States President Donald Trump said that the US is in "final throes" to reach phase one agreement with China.

The country's Census Bureau reported wholesale inventories were up in October while the trade deficit decreased by 5.7% to $66.5 billion in the same month. US new home sales went down 0.7% in October while the US housing price index rose 0.6% in September. Consumer confidence in the US fell in November driven by a softening in consumers' assessment of current business and employment conditions.

The Dow Jones Industrial Average grew 0.20%. Merck & Co Inc, whose shares increased by 1.90%, was the best performer in the index. The Nasdaq 100 traded in the green rising 0.17% while its best performing stock was Intuit Inc. with 3.43% growth. The S&P 500 went up 0.22% with Best Buy Co Inc. as the best performer jumping 9.80%.

The euro traded flat against the dollar, changing hands for 1.10236 at 4:31 pm ET.

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Breaking the News / TF