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Wall Street extends gains as trade talks progress

Reuters  |  NEW YORK 

By Stephen CulpNEW YORK (Reuters) - Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data suggested the Fed would hold interest rates steady in the near term.All three major U.S. stock indexes were up, and the S&P 500 held above its 200-day moving average, a key technical level. In Beijing, U.S. Treasury Secretary Steven Mnuchin said "so far, so good," regarding ongoing talks aimed at resolving the U.S.-China trade dispute, adding that he hoped for "productive" meetings in ...

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First Published: Thu, February 14 2019. 01:40 IST