Stocks hold steady ahead of trade talks

The latest on developments in financial markets (all times local):

4:00 p.m.

Stocks are mixed at the close of trading as Wall Street looks ahead to key trade talks between the U.S. and China this week.

The Dow Jones Industrial Average fell 53 points, or 0.2 percent, to 25,053, mostly due to declines in UnitedHealth and Disney. The S&P 500 rose 1 point to 2,709, while the Nasdaq gained 9 points to 7,307.

Sign Up and Save

Get six months of free digital access to the Ledger-Enquirer

#ReadLocal

U.S. officials led by Treasury Secretary Stephen Mnuchin will meet with Chinese officials later this week. The talks are aimed at resolving a trade war that threatens to stunt global economic growth.

Norfolk Southern rose 3.2 percent. The railroad operator is moving forward with a plan to cut costs and boost revenue growth.

Tesla rose 2.3 percent after an analyst upgraded the stock to a “Buy”.

___

11:45 a.m.

Stocks are little changed as Wall Street looks ahead to key trade talks between the U.S. and China this week.

The Dow Jones Industrial average is down 37 points, or 0.2 percent, to 25,068. The S&P 500 rose less than one point to 2.707.

U.S. Treasury Secretary Stephen Mnuchin is leading a delegation set to meet with Chinese officials on Thursday and Friday. The talks are aimed at resolving a trade war that threatens to stunt global economic growth.

Earnings season is winding down, with about 60 companies in the S&P 500 expected to report this week. Burger King and Tim Horton’s owner, Restaurant International, gained 1 percent on strong fourth-quarter earnings.

Tesla rose 2.8 percent after an analyst upgraded the stock to a “Buy.”

___

9:40 a.m.

Read More Here...

Bookmark the permalink.