Wall Street bides its time, awaiting news from trade front

NEW YORK - Wall Street was largely unchanged on Thursday as market participants stayed on the sidelines, awaiting further developments in the hoped-for interim trade deal between the United States and China.

"We're on hold until we see what happens on the trade front," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana."People are trying to get a read on what's going to happen with the trade talks and the next relevant deadline is Dec 15." "At the end of the day, whether there's an impeachment or not isn't going to stop a money manager from deciding whether or not he'll by Intel."

Nike gained 1.8 per cent following Goldman Sachs' upgrade of the sportswear maker's stock to"buy" from"neutral." SecureWorks jumped 22.8 per cent, on course for its best day ever, after the cyber security firm posted a surprise third-quarter profit.On the economic front, a shrinking trade deficit, a drop in jobless claims and a rebound in factory orders suggested a still-robust, if slowing, US economy.

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