U.S. stocks rose for the first time this week on Thursday, as President Donald T...
- U.S. stocks rose for the first time this week on Thursday, as President Donald Trump said trade talks with China were going well, offering a glimmer of hope to markets roiled by worries that a protracted dispute would slow economic growth.
The escalating dispute has weighed heavily on Wall Street this month, putting its main indexes on track for losses of more than 5% in May. The benchmark S&P 500 is now 5.9% away from its all-time high of 2,954.13 hit on May 1. Despite a tick up in U.S. treasury yields on Thursday, they still hovered near 20-month lows as investors sought safety in government bonds. [US/]
At 11:10 a.m. ET the Dow Jones Industrial Average was up 6.11 points, or 0.02%, at 25,132.52. The S&P 500 was up 5.54 points, or 0.20%, at 2,788.56 and the Nasdaq Composite was up 19.47 points, or 0.26%, at 7,566.78.Among other stocks, Dollar General Corp jumped 6.8% after the discount retailer’s same-store sales and profit topped expectations.
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