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US: Stocks in split finish as China trade talks drag on

  • 📰 BusinessTimes
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  • Publisher: 51%

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[NEW YORK] Wall Street stocks had a split finish on Thursday as investors looked for a possible outcome of grinding US-China trade negotiations, which failed to materialise.

Markets also reacted to news of Amazon founder Jeff Bezos' divorce, the biggest in history, with ex-wife MacKenzie keeping 25 per cent of the couple's shares in the tech giant, valued at about US$36 billion. The benchmark Dow Jones Industrial Average rose 0.6 per cent to 26,384.63, its highest level since October 9.

Meanwhile, the broader S&P 500 gained 0.2 per cent, rising to 2,879.39 but the tech-heavy Nasdaq was essentially flat, falling less than 0.1 per cent to 7,891.78.In Washington, White House officials on Thursday stoked anticipation that President Donald Trump could announce the date for a summit with his Chinese counterpart Xi Jinping to finalise a trade agreement, thus ending their nine-month trade war.

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