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S&P wavers with US-China 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: The S&P 500 swung between gains and losses on Thursday, but held near six-month highs with support from Boeing Co and Facebook Inc, as investors waited for more clarity on the U.S.-China trade talks.

"I do expect that the U.S. will get a trade agreement signed with China and that is going to obviously elevate markets." At 11:47 a.m. ET the Dow Jones Industrial Average was up 153.30 points, or 0.58per cent, at 26,371.43, the S&P 500 was up 2.65 points, or 0.09per cent, at 2,876.05 and the Nasdaq Composite was down 10.39 points, or 0.13per cent, at 7,885.16.Channel NewsAsia - Sentifi topic widget

Facebook rose 2per cent, lifting the communication services sector by 0.68per cent, after brokerage Guggenheim upgraded the social media company's stock to"buy" from"neutral".

 

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