November 26, 2019•109 words
Wall Street edged higher to fresh highs on Tuesday, as prospects for a limited deal between China and the US brightened. On Tuesday, Beijing and US trade negotiators spoke by phone and offered a positive message that talks continue to progress. China’s Commerce Ministry said both countries “reached a consensus on properly resolving related issues.” On the corporate side, retailers outperformed after Best Buy posted better than expected quarterly earnings and raised its fiscal 2020 earnings forecast. The Dow Jones gained 54 points or 0.2% to 28122. The S&P 500 added 7 points or 0.2% to 3141. The Nasdaq climbed 15 points or 0.2% to 8648.