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Us stocks end mixed amid trade optimism

Economies.com
2019-06-26 21:17 UTC

US stocks ended mixed today as Dow Jones shed its gains and settled at the end of the session, while Nasdaq trimmed earlier gains but closed higher, following positive comments from US President Donald Trump.



Treasury Secretary Steven Mnuchin said trade negotiations with China led to a 90 percent finalization of the agreement, and the rest could be reached after Trump's meeting with his Chinese counterpart, Xi Jinping.


Trump praised the progress achieved in the negotiations with the Chinese side, saying that the two sides could reach an agreement.


In the oil market, West Texas rose 2.7% to close at $59.38 per barrel, its highest level in five weeks, and hit a high of $59.9 and a low of $58.6.


Brent rose 2.2% to $ 66.49 per barrel, with the highest at $66.8 and the lowest at $65.6.


Government data showed US durable goods orders fell by 1.3% in May compared to expectations of 0.0%.


At the end of the session, Dow fell less than 0.1% (equivalent to 11 points) to 26,536 points, with the highest level at 26,660 points and the lowest level at 26,536 points.


Nasdaq rose 0.3% (25 points) to 7,910 points, with the highest level at 7974 points and the lowest level at 7903 points.

 

Standard & Poor's fell by 0.1% (3 points) to 2913 points, with the highest at 2913 and the lowest at 2912.

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