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. A batch of positive U.S. economic data helped spur the broad rally, extending the market’s recent string of gains. Stock indexes have been breaking records in recent weeks as the U.S. and China have signaled that negotiations aimed at resolving their costly trade war are going well. The stock market has been notching gains steadily since October, shaking off recession fears that helped knock stocks into a skid in August.

Source: Los Angeles Times November 27, 2019 22:30 UTC