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Wall Street stays near record high as Mnuchin says trade pact to be signed in January


Thursday, 19 December 2019 23:55 WIB

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Wall Street hovered near record highs on Thursday as U.S. Treasury Secretary Steven Mnuchin said Washington and Beijing would sign an initial trade deal in early January, with traders also shrugging off the impeachment of President Donald Trump.

In an interview with CNBC on Thursday, Mnuchin said the agreement had already been put down on paper, and that it would not be subject to any renegotiation.

The Nasdaq hit a fresh record high, riding a wave that began last week with a breakthrough in trade talks between the world's top two economies and hopes for a smoother Brexit, which also lifted global sentiment and eased recession fears.

At 10:42 a.m. ET the Dow Jones Industrial Average was up 72.60 points, or 0.26%, at 28,311.88, the S&P 500 was up 5.61 points, or 0.18%, at 3,196.75 and the Nasdaq Composite was up 25.81 points, or 0.29%, at 8,853.54.

Source : Reuters


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