Dow, S&P 500 Close at Record Highs

Nasdaq also rises

By Newser Editors and Wire Services

Posted Nov 7, 2019 3:03 PM CST

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Dow, S&P 500 Close at Record Highs — Traders Jeffrey Vazquez, left, and Edward Curran work on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2019. (AP Photo/Richard Drew)

Stocks are ending higher on Wall Street following hopes that China and the US are getting closer to a trade deal, the AP reports. 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. Technology companies led the way higher. Qualcomm soared 6.3% after turning in strong quarterly results. Gold prices fell as traders embraced riskier assets. The S&P 500 rose 8 points, or 0.3%, to 3,085. The Dow Jones Industrial Average climbed 182 points, or 0.7%, to 27,674. The Nasdaq added 23 points, or 0.3%, to 8,434. (Read more stock market stories.)