Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. REUTERS/Brendan McDermid
AFP: Dow, S&P 500 end at records as US and China sign long-awaited deal
Major Wall Street stock indices edged to fresh records on Wednesday while European and Asian markets mostly retreated as the United States and China signed a long-anticipated trade agreement.
Both the Dow and S&P 500 finished at all-time highs, while the Nasdaq ended barely positive. Analysts increasingly question whether valuations are getting out of control after a series of records.
"We've been on a tear since mid-October," said Briefing.com analyst Patrick O'Hare, who said investors likely will wait for more earnings reports from big companies before moving significantly further.
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Update: Dow closes above 29,000 after China and U.S. sign trade truce (Reuters)
WNU editor: This is an incredible story that was totally ignored by the main stream media today.
