REUTERS: The S&P 500 and Nasdaq indexes edged higher after earlier hitting record peaks on Tuesday while the Dow dipped slightly as President Donald Trump said the United States is close to signing an initial trade deal with China but offered no new details about negotiations.
"The commentary was exactly what folks wanted to hear: that 'phase one' talks are still ongoing, that we are controlling them, but yet the belief is that China is very willing to make a deal," said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management in New York.Investors have pointed to U.S.
Among stocks, Walt Disney Co rose 1.3per cent as the company said demand for its much-anticipated streaming service, Disney+, was well above its expectations in a launch.Rockwell Automation Inc jumped 11.1per cent after the U.S. factory equipment maker easily beat quarterly results and forecast 2020 earnings above estimates.
With third-quarter earnings season drawing to a close, about three-quarters of S&P 500 companies have topped profit estimates, but overall they are expected to have posted a 0.5per cent drop in earnings, according to Refinitiv.
Source: News Formal (newsformal.com)
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