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S&P nears six-month high

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S&P nears six-month high

S&P nears six-month high

The S&P 500 stock index edged higher on Thursday, nearing six-month highs as investors waited for more clarity on the U.S.-China trade talks.

Fred Katayama reports.

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S&P nears six-month high

Wall Street ended mixed Thursday as investors sought clarity on the U.S.-China trade talks.

The Dow rose six-tenths percent.

The S&P 500 neared a six-month high, but the Nasdaq snapped a five-session winning streak.

Sevens Report Research president, Tom Essaye: SOUNDBITE: SEVENS REPORT RESEARCH PRESIDENT, TOM ESSAYE (ENGLISH) SAYING: "On the fundamentals, we're waiting for our next catalyst.

And the markets' focus is shifting from the Fed and from global economic growth which we saw this week to the jobs report tomorrow and most importanty, earnings happening in about a week." Providing the most upward pressure on the S&P 500: Facebook.

Guggenheim upgraded shares of the social media company to "buy" from "neutral".

Boeing shares bounced back to lead the Dow higher.

Ethiopia called on Boeing to review its flight control system.

It said pilots of the doomed Ethiopian Airlines flight had carried out the procedures outlined by the jet maker.

But a Morgan Stanley analyst says the report potentially took the worst case scenario of a new cause off the table.

Tesla shares were one of the Nasdaq's steepest decliners.

The electric carmaker's deliveries plunged 31 percent in the first quarter.

Tesla's first shipments of the mass market Model 3 sedan hit snags in Europe and China.



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