REUTERS: The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season.
Caterpillar Inc fell 2.4per cent as rising costs hit margins in its construction equipment business and the company reported tepid sales in the Asia Pacific region. U.S. President Donald Trump sounded upbeat about the ongoing U.S.-China trade talks as the two sides worked on hammering out a final deal.
AT&T Inc shares declined 4per cent after the second-largest U.S. wireless carrier reported quarterly revenue below Wall Street estimates.
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