and curb forced tech transfers in exchange for a rollback in tariffs. The Wall Street Journal first reported that talks between the two sides hit a snag, leading the major averages to pare earlier gains.
Disney's strong performance — along with positive testimony from Federal Reserve Chairman Jerome Powell on the economy — helped the market keep its composure amid the latest trade news. However, with the averages trading around record highs, any further deterioration in trade negotiations could lead investors to quickly book profits and send the market sliding.
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