US stocks close mixed, Nasdaq slips off its all-time highs

2019-11-06 22:49:15 GMT (Economies.com)
US stocks close mixed, Nasdaq slips off its all-time highs

The main US stocks indices settled mixed on Wednesday, as investors' hopes about the trade talks lost steam, amid the lack of tangible results from the ongoing talks.

 

Sources familiar with the matter said that the upcoming meeting between President Trump and Chinese leader Xi Jinping will be delayed until December, due to the hurdles in the path of the first phase of the final trade deal.

 

Currently the two countries are engaged in intensive calls to choose which country will host the meeting, amid expectations for Switzerland or Sweden.

 

This came after Chile has canceled the APEC summit due to security reasons, as the meeting between Trump and Xi Jinping was scheduled to be held on the sidelines of the summit.

 

Otherwise, the Chicago Federal Reserve, Chairman Charles Evans, stated that the US economy is in a good state and there is no need for more rate cuts.

 

As for the oil market trading, West Texas Intermediate (WTI) fell by 1.5% to close at $56.3 a barrel, with a session-high of $57.8 and a low of $56.1.

 

Brent fell by 1.9% to $61.74 a barrel, and saw a high of $63.3 and a low of $61.5.

 

To stocks, Dow Jones settled at 27,492 points (the same as yesterday), with an intraday high of 27,526 a low of 27,407.

 

Nasdaq fell by 0.3% or 24 points to 8,410, with a high of 8,410 a low of 8,379.

 

While S&P 500 rose by 0.1% or 2 points to close at 3,076, with a high of 3,078 points and a low of 3,065.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0028
0.2585%
1.2901
0.0100
0.7851%
Tadawul
7924.19
-8.33
0.10%
16.954
0.151
0.902%
57.850
0.491
0.857%
63.36
1.07
1.72%
1466.955
8.675
0.595%
 
 
US
 
Europe
 
Asia