US equities close in the green as trade talks resume

Thursday, 10. October 2019 22:00

Wall Street ended Thursday’s session significantly higher, paring some of the gains from earlier in the session. President Donald Trump seemed to be sending mixed signals regarding the way forward in the negotiations, as it remained unclear whether he wanted to make a deal or not. However, he somewhat relieved concerns caused by media reports about the possibility that the Chinese visit to Washington might be cut short, announcing a meeting with Vice Premier Liu He for Friday.

Virtually unchanged US general inflation, as well as a modest drop in initial jobless claims, seemed to have little effect on the stock market.

The Dow Jones jumped 0.57% at the closing bell with Caterpillar leading the gains rising 2.72%. The Nasdaq 100 closed 0.65% in the green as semiconductors gave a strong performance, with Skyworks Solutions, Inc. skyrocketing 5.18%. Meanwhile, the S&P 500 gained 0.64% at the close.

The euro rose 0.33% against the US dollar, changing hands for 1.10077 at 4:00 pm ET.

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Author:
Breaking the News / GG