US stocks close mixed, Dow hits all-time high

Wednesday, 13. November 2019 22:00

United States stock markets ended Wednesday's trading session mixed on comments from Federal Reserve Chairman Jerome Powell and his colleagues. Meanwhile, media reported trade talks between Washington and Beijing faltered over the purchase of US agricultural products by China. On the data front, the US Treasury Department reported budget deficit increased to $134 billion in October.

The Dow Jones Industrial Average was up 0.32% at the closing bell, reaching another all-time high. The Walt Disney Company was the best performer, jumping over 7% on the news its new streaming service reached over ten million subscribers in just two days. The Nasdaq 100 traded just 0.05% lower, with Biogen Inc. losing 3.27%. The S&P 500 gained 0.07%, also finishing at a new peak, as Congra Brands Inc. increased 2.65%.

The euro and the pound were both flat against the greenback at 4:02 pm ET, selling for $1.10078 and $1.28543 respectively.

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Author:
Breaking the News / MD