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NewsBreak: Wall Street Higher; Trump Speech Has Little Impact

Published 12/11/2019, 19:15
Updated 12/11/2019, 19:31
© Reuters.
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Investing.com – Stocks pushed higher Tuesday as President Donald Trump spoke to the New York Economic Club, but were off their highs in the afternoon.

  • Trump's speech was a rousing defense of his presidency, along with a full-throated round of bashing the Federal Reserve. But all he would say about the U.S.-China trade talks was that a deal could be close.
  • The S&P 500 was up 0.33% at 1:20 PM ET (18:20 GMT). The Dow Jones industrials added 0.13% and the Nasdaq Composite added 0.46%. The Nasdaq 100 index, dominated by Big Tech, was up 0.49%.
  • The S&P 500, Nasdaq and Nasdaq 100 hit new intraday highs before pulling back slightly.
  • Walt Disney (NYSE:DIS), Merck (NYSE:MRK), Microsoft (NASDAQ:MSFT), and Cisco Systems (NASDAQ:CSCO) were among the Dow leaders. Facebook (NASDAQ:FB), Starbucks (NASDAQ:SBUX) and Advanced Micro Devices (NASDAQ:AMD) were among the Nasdaq 100 leaders.
  • Healthcare, communication services and technology were the strongest sectors, with real estate and energy the weakest. Crude oil was higher. Interest rates were off slightly.
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