2/13, 10:00 PM (Source: TeleTrader)
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Trade, funding enthusiasm helps Wall Street close higher

Fresh developments on the trade and the government funding bill pushed the United States stock markets to a higher close on Wednesday. President Donald Trump claimed the negotiations between Washington and Beijing are "going really well," after White House Press Secretary Sarah Sander stated the final trade agreement would depend on the meeting between the leaders of the worlds two largest economies. Further media reports claimed Trump would support the deal on government funding reached between top Democratic and Republican legislators.

The Dow Jones Industrial Average was up 0.46% as conglomerate 3M CO increased 1.60%. The Nasdaq 100 was practically flat, standing just 0.02% higher at the end of the trading session. Activision Blizzard Inc was the best performer, gaining 6.69% at the closing bell. The S&P 500 rose 0.30% at the same time, as hospitality giant Hilton Worldwide Holdings Inc jumped 6.47%.

Pushed down by the rising stocks, the precious metals traded lower, with gold and palladium losing 0.38% and 0.35% at 3:59 pm ET., to go for $1,306.02 and $1,395.23 respectively. The euro was down 0.57% against the dollar, exchanging hands $1.12667 at 3:59 pm ET. The British pound dropped 0.37% to $1.28482 concurrently as Brexit uncertainties continue.

Breaking the News / MD