Repeat Record. All three main U.S. stock indexes closed with modest gains on Tuesday, adding to Monday’s record highs. U.S.-China trade negotiations continued ahead of the Thanksgiving holiday, as representatives from both countries made another high-level call on Tuesday. Consumer confidence slipped again in November, but still remains at a relatively high level. In today’s After the Bell, we…
Time to Be Thankful
Stocks edged up again on Tuesday as trade negotiators from the U.S. and China hold another high-level phone call to resolve core issues. The Dow Jones Industrial Average gained 55.21 points, or 0.20%, to close at 28,121.68. The S&P 500 added 6.88 points, or 0.22%, to finish at 3140.52, and the Nasdaq Composite increased 15.44 points, or 0.18%, to close at 8647.93.
According to an online statement from China’s Ministry of Commerce on Tuesday, Chinese Vice Premier Liu He spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning to resolve core issues of common concerns. The two sides reached consensus on some issues and agreed to stay in contact over remaining issues for a phase one agreement, according to the statement. No details of the talk were revealed.
President Donald Trump reiterated again on Tuesday that the U.S. and China are “in the final throes of a very important deal,” but also offered support for Hong Kong at the same time and say he’d like to see democracy in the city. In a stunning sign of support for the protests that have roiled Hong Kong for months, a record number of voters flipped over half of the 452 seats in Sunday’s local district council elections from pro-Beijing to pro-democracy candidates. Still, Trump hasn’t said if he’ll sign a bill in support of Hong Kong protesters that was passed by both chambers