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US stocks end at records after solid US economic data

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NEW YORK: Wall Street stocks again hit new all-time highs on Wednesday (Nov 27) following better-than-expected US economic data, finishing ...

NEW YORK: Wall Street stocks again hit new all-time highs on Wednesday following better-than-expected US economic data, finishing buoyantly in the week's last full session of the holiday-shortened week.Advertisement

But stocks got a boost from low trading volumes ahead of the Thanksgiving holiday, which will close exchanges on Thursday while there will be a half-session on Friday.US growth was revised up to 2.1 per cent in the third quarter, a bit better than the 1.9 per cent in the prior report. Orders for durable goods also topped expectations.

But a Federal Reserve survey showed businesses, farmers and bankers nationwide remained concerned about the impact of tariffs and trade conflict.

 

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