The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
The Wall Street Journal reported during the session that U.S.-China trade negotiations have hit a snag over farm purchases, the latest development in a dispute between the two countries that has convulsed markets for more than a year.
The three indexes had all drifted higher earlier in the day after Federal Reserve Chairman Jerome Powell said U.S. central bankers see a “sustained expansion” ahead for the country’s economy.
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Update: Dow closes at record high as Disney pops more than 7% (CNBC)
WNU Editor: The bottom story for the news media this past Wednesday.
