(Reuters) - Wall Street's main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions. U.S. economic growth picked up slightly in the third quarter, rather than slowing as first reported, and a steady increase in consumer spending in October indicated the economy will probably maintain its moderate pace of growth in the fourth quarter. "From a macro perspective it really sits with the narrative of this growing but continue to slow environment," said Bill Northey senior investment director at U.S. Bank Wealth Management in Minneapolis. "It averted some of the greater concerns that this might be something more than just a slowdown to trend that we’ve been facing over the past quarter."

Source: New York Times November 27, 2019 13:29 UTC