Wall Street inches higher on Facebook, Boeing bounce; trade talks in focus

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U.S. stocks opened flat on Thursday following a recent run of gains, as lack of fresh developments on trade talks with China and worries about ...

REUTERS: U.S. stocks inched higher on Thursday driven by Facebook Inc and Boeing Co, adding to gains following a strong start to the quarter, while investors kept a close watch on U.S.-China trade talks.

Hopes of a trade deal have driven the S&P 500 to a strong start since the beginning of the quarter and it has closed higher all of this week. The index is near its highest since Oct. 10 and less than 2per cent away from hitting an all-time high. Six of the 11 major S&P sectors were higher, led by a 0.76per cent rise in the communication services sector.

 

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