NEW YORK: Wall Street’s main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to US-China trade tensions.
“It averted some of the greater concerns that this might be something more than just a slowdown to trend that we’ve been facing over the past quarter.” The main indexes have repeatedly scaled to record levels this month on trade truce hopes, a third-quarter earnings season that topped lowered expectations and a dovish Federal Reserve. The S&P 500 has now closed at a record level in five of the past nine sessions.
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