Investors capped a day of light trading on Wall Street ahead of the Thanksgiving holiday by serving up another set of stock market record highs.
The Standard & Poor’s 500, Dow Jones industrial average and Nasdaq composite indexes closed at all-time highs for the third straight day Wednesday. And the Russell 2000 index of smaller companies hit its highest level in a year.
Stocks have regained their footing after stumbling last week. The S&P 500 is on track for a 1.4% weekly gain as it continues setting records. The Nasdaq is up 2.2% for the week, which would mark its strongest gain since the end of summer. Pressure is building on both sides to complete a limited “phase one” deal before the deadline, though the Trump administration could end up postponing it, as it did in October, to allow more time for talks.
Technology stocks and companies that rely on consumer spending notched some of the biggest gains Wednesday. Autodesk climbed 5.5% and Under Armour gained 6.2%.
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