U.S. stocks struggled for direction on Thursday as traders eyed trade developments as a Chinese delegation holds talks with U.S. negotiators in Washington.
The S&P 500 was up less than 0.1% to around 2,874. The Dow Jones Industrial Average was down 5 points to around 26,212. The Nasdaq Composite was up by less than 0.1% to 7,901.
Much of the stock-markets gains this year have been attributed to optimism that U.S.-China trade tensions will abate, lifting a heavy weight off the global economy. The Wall Street Journal reported that President Donald Trump will announce plans to meet China's President Xi Jinping on Thursday. In company news, shares of Office Depot Inc. slumped 13% after the office-supplies retailer reported its preliminary first-quarter results.
Source : MarketWatch