Markets have muted reaction to long-awaited China trade deal
(AP) –Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq.
The S&P 500 index added a mere 0.23 points, or less than 0.1%, to reach an all-time high of 3,168.80. The Dow Jones Industrial Average inched up 3.33 points, or less than 0.1%, to 28,135.38.
The Nasdaq, which is heavily weighted with technology stocks, rose 17.56 points, or 0.2%, to 8,734.88.
The Russell 2000 index of smaller company stocks fell 6.84 points, or 0.4%, to 1,637.98.
Optimism over the possibility of a trade deal helped stocks rebound after a downbeat start to the week. The S&P 500 ended the week with its third straight weekly gain. With less than three weeks left in 2019, the benchmark index is up 26.4% for the year.