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US: Stocks end mostly higher as Nasdaq hits new record

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[NEW YORK] US stocks ended mixed on Tuesday but the Nasdaq posted a new record even though investors still have not received clarity on an agreement to end the US-China trade war. Read more at The Business Times.

US stocks ended mixed on Tuesday but the Nasdaq posted a new record even though investors still have not received clarity on an agreement to end the US-China trade war.[NEW YORK] US stocks ended mixed on Tuesday but the Nasdaq posted a new record even though investors still have not received clarity on an agreement to end the US-China trade war.

Attention now will shift to back-to-back testimony on Wednesday and Thursday by Federal Reserve Chairman Jerome Powell but it is unlikely he will do much beyond confirm the central bank is on hold for now.But the broader S&P 500 gained 0.2 per cent to finish at 3,091.84 while the tech-dominated Nasdaq Composite Index rose nearly 0.3 per cent to close at a new high of 8,486.09.

 

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