Wall Street Highs amid Trade Optimism

Wall Street Highs amid Trade Optimism

Wall Street Highs amid Trade Optimism 1920 1280 Energy-markets

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%.