U.S. stocks trade mixed amid G20 summit

Source: Xinhua| 2018-12-01 01:35:36|Editor: huaxia
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NEW YORK, Nov. 30 (Xinhua) -- U.S. stocks traded mixed on Friday as Wall Street is awaiting some key talks during the Group of 20 (G20) summit in Argentina.

At midday, the Dow Jones Industrial Average decreased 33.71 points, or 0.13 percent, to 25,305.13. The S&P 500 was up 3.87 points, or 0.14 percent, to 2,741.63. The Nasdaq Composite Index rose 14.04 points, or 0.19 percent, to 7,287.13.

Shares of both IBM and Caterpillar advanced about 2 percent at midday, among the biggest winners in the Dow. Stock of Goldman Sachs, however, underperformed, declining more than 3 percent, leading the laggards in the 30-stock index.

Eight of the 11 primary S&P 500 sectors traded higher, with utilities and industrials up 0.58 percent and 0.44 percent, respectively, leading the gainers. Energy and communication services struggled.

World leaders are expected to discuss infrastructure, development and investment at this weekend's G20 summit in Argentina. Trade issues between Washington and its key trading partners are also scheduled to be discussed.

Investors are eagerly watching the trade talks since they may impact the global economy and corporate earnings, analysts noted.

U.S. stocks ended lower on Thursday, snapping a three-day winning streak, as investors digested the newly released summary from the Federal Reserve's most-recent meeting, which indicated a December rate hike is likely. Enditem

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