S&P 500 closes at fresh record for second straight session

The main US stock indices closed mostly higher on Wednesday, erasing their losses as S&P 500 managed to post a new record close.

Optimism about the US second fiscal Covid-19 stimulus package was renewed after Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to talk about restarting negotiations for the package.

ADB Analytics data showed that the US private sector added 307,000 jobs during the month of November, while expectations indicated that 433,000 jobs would be added after adding 407,000 in October.

To the oil market, WTI crude January futures rose 1.6% or 73 cents, and closed at $45.28 a barrel, after hitting a high of $45.9 and a low of $43.9.

Brent January futures fell 1.7% or 83 cents, and closed at $48.25 a barrel, after hitting a high of $48.7 and a low of $46.8.

As for stocks, Dow Jones rose 0.2% or 60 points, and closed at  29,883, after hitting a day high of 29,902 and a low of 29,599.

S&P 500 rose 0.2% or 6 points to 3,669, after hitting a high of 3,670 and a low of 3,664.

While Nasdaq fell less than 0.1% or 5 points to 12,349, with a high of 12,360 and a low of 12,217.