Optimism about the U.S.-China trade talks lifted stocks to moderate gains today, with the major indexes all finishing with fresh highs.
The Dow Jones industrials and the S&P 500 ended at record highs again Thursday, but they would have been even higher if not for a late-afternoon report saying a proposed rollback of tariffs was facing stiff opposition in the White House.
The Dow Industrials rose 182 points, the Nasdaq Composite moved up 23, and the S&P 500 gained 8.
Shares of Norwegian Cruise Line ended fractionally higher. Strong demand helped the cruise operator to better-than-expected third-quarter earnings.
Oil prices rebounded today. December crude jumped 80 cents, or 1.4%, tosettle at $57.15 a barrel.
Last spring’s massive data breach at Capital One Financial has prompted the bank to demote its chief information security officer. Citing people familiar with the matter, The Wall Street Journal says Michael Johnson has been moved out of that role and that the bank will begin an external search for a replacement.