Wall Street Highs amid Trade Optimism

Wall Street Highs amid Trade Optimism

Wall Street Highs amid Trade Optimism 1900 1060 Finlay

The principal Wall Street indices closed at record highs as investors gave a positive assessment to the news of trade negotiations between the US and China, including US economic data.

In the third quarter of 2019, US GDP was 2.1%, as reported by the Department of Commerce, citing preliminary data. Analysts had expected growth of 1.9%.

The Dow Jones Industrial Average index was 28.164 when it grew by 0.15%, the S&P 500 – by 0.42% to 3.153.65 points, the Nasdaq Composite increased by 0.66% to point 8.705.18.

Shares of Deere (NYSE: DE) & Co fell 4.3% after low profit from quarterly earnings from agricultural machinery manufacturer.

After analysts at Raymond James raised their stock recommendation, Under Armor (NYSE: UAA) Inc, a sportswear maker gained 6.17%.