1/15, 10:00 PM (Source: TeleTrader)
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Wall Street ends mostly higher, reverses earlier gains

Shares on major US stock indices closed mostly in the green on Wednesday as the markets showed virtually no reaction to the news of US-China phase one trade deal signing.

Under the deal, the Asian nation pledged to spend $200 billion on American goods and services and address some of the burning issues that prompted the US to start the so-called trade war such as intellectual property theft and forced tech transfer.

Meanwhile, the Federal Reserve reported that the US economy expanded at a modest pace in the last month and a half of 2019, but noted that some businesses continued to feel the weight of trade uncertainty.

The Dow Jones ended the session 0.32% in the green, reversing the gains from earlier in the session. UnitedHealth Group pulled the blue-chip index up, gaining 2.83%. The Nasdaq 100 was flat as the trading closed, while the S&P 500 added 0.19%. Coty Inc. emerged as the best performer on the S&P 500, soaring 6.26%.

The euro added 0.22% on the US dollar, selling for 1,11524 at 4:00 pm ET.

Breaking the News / GG