S&P 500 index xtocks rose on Thursday, after four days of declines, as investors await the outcome of an upcoming meeting on trade policy between President Donald Trump and Chinese President Xi Jinping at Friday's G-20 meeting in Japan. An agreement between Trump and Xi at the G-20 summit on Friday or Saturday would avert the next round of tariffs on additional $300 billion worth of Chinese imports.
On a preliminary basis, the S&P 500 index rose 11 points, or 0.38%, to 2,924 and the Nasdaq composite index rose 58 points, or 0.73% to 7,967 but the Dow Jones Industrial Average lost 10 points, or 0.04% to 26,526.
The S&P 500 is headed for its best month since January, rebounding from a rout in May to leave it higher by 3% for the quarter. Bank stocks traded higher ahead of the Federal Reserve's stress-test results release, which is scheduled for later on Thursday. Boeing fell 2.9% after the Federal Aviation Administration said on Wednesday that it has found an issue with the 737 Max that the manufacturer must address before it lifts the national grounding order.
Source : MarketWatch