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Wall Street closes higher as stocks continue record-breaking run

Economies.com
2019-11-18 21:53PM UTC

Wall Street inched up at the end of today's session, to continue its run to fresh all-time highs, despite the lingering uncertainty over the trade talks.

 

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin held a "constructive" phone conversation with high-level Chinese officials on Monday, but no further details about the trade deal were revealed.

 

While CNBC quoted sources that Chinese government officials are concerned about the Trump administration's intentions to rollback the tariffs on Chinese goods.

 

President Trump Donald met with the US Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin to discuss monetary policy and the trade file with China.

 

To the oil market, West Texas Intermediate (WTI) fell by 1.2% to close at $57.05 a barrel, and hit a session-high of $58.09 and a low of $56.6.

 

Brent fell by 1.4% to $62.44 a barrel, with a high of $63.5 and a low of $61.9.

 

As for stocks, Dow Jones rose by 0.1% or 31 points to settle at 28,036, and hit an intraday high of 28,040 and a low of 27,969.

 

Nasdaq rose by 0.1% or 9 points to 8,550, with a high of 8,559 and a low of 8,503.

 

S&P 500 rose by less than 0.1% or 1.5 points to close at 3,122, and hit a high of 3,124 and a low of 3,112.

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