Dow, S&P 500, Nasdaq all hit new highs on China-US trade news

November 07, 2019 - 3:24 pm

The Dow Jones Industrial Average, S&P 500, and Nasdaq all hit record highs Thursday afternoon after positive developments in ongoing trade negotiations between the United States and China.

“U.S. stocks traded higher Thursday, with all three major benchmarks touching new records, after reports that Beijing and Washington will cancel planned import tariffs in stages, a development that could help propel benchmark indexes to new highs,” reports Market Watch.

The Dow rose 260 points while the S&P 500 gained 19 and Nasdaq posted an increase of 64 points.

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