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6/20/2018, 10:00 PM (Source: TeleTrader)
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Wall Street closes mostly higher, Nasdaq on all time high

Markets on Wall Street finished the trading day mostly higher on Wednesday, with tech stocks pulling the Nasdaq 100 index to its new all-time high. The escalating trade disputes between the United States and its trading partners are also affecting the markets. The European Union said it will start implementing tariffs on American goods on Friday. Meanwhile, the Walt Disney Co. and 21st Century Fox reached an agreement on an amended $71.3 billion deal. In data, the US Department of Energy said that oil inventories in the US fell by 5.9 million barrels, while existing home sales were down by 0.4% in May.

The Dow Jones Industrial Index was 0.17% in the red territory at the close. Insurer The Travelers Companies fell by 2.47%.

The S&P 500 added 0.17%, with Twenty-First Century Fox performed the best after the announcement of the deal with Disney, gaining 7.54%.

The Nasdaq 100 went up 0.73% at the end of the session, partially boosted by Tesla and Netflix, which rose 2.91% and 2.74%, respectively.

The euro was virtually unchanged against the dollar, selling for $1.1583 at 10:02 pm CET.

Breaking the News / NI