How major USA stock indexes fared Thursday

How major USA stock indexes fared Thursday

USA stocks turned in a lackluster performance Wednesday, but this session goes down in the record books as the day that marked the longest bull market run in history.

For now, that is a day longer than the previous record bull market-the one.

USA central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households. The S&P 500 industrial index rose 0.8 per cent.

US stock index futures rose on Tuesday on hopes that planned trade talks between the United States and China would help resolve the dispute between the world's two largest economies.

TRADE TENSIONS: Stocks have been buffeted by concerns about mounting trade tensions in recent months between the US and China, set off by President Donald Trump's tariff policies. Anything that's damaging to Donald Trump's agenda is not going to be good for the stock market", said Stephen Massoca, Senior Vice President at Wedbush Securities in San Francisco.

Trump, meanwhile, told an interviewer on Fox that his impeachment would "crash" the stock market.

The Russell 2000 index of smaller-company stocks picked up 4.50 points, or 0.3 percent, to 1,722.54, a record.

The Dow Jones Industrial Average gained 70 points, or 0.3 per cent, to 25,727.

The energy sector, rose 0.98 percent, the most among the 11 major S&P sectors.

The broad-based S&P 500 shed 4.84 points (0.17 per cent) to 2,856.98, while the tech-rich Nasdaq Composite Index dropped 10.64 points (0.13 per cent) to 7,878.46. Hong Kong's Hang Seng added 0.6 percent to 27,921.24, while the Shanghai Composite fell 0.7 percent to 2,714.61.

The Federal Open Market Committee released its meeting minutes with little directional change in the monetary policy outlook as the economy appears likely to call for continued rate increases.

But shares of Coty Inc (COTY.N) tumbled 7.1 percent after the beauty products maker missed sales estimates for the first time in six quarters. Target shares ended the session up 3.2 percent.

Advancing issues outnumbered declining ones on the NYSE by a 2.04-to-1 ratio; on Nasdaq, a 2.66-to-1 ratio favored advancers.

The S&P 500 hit bottom on March 9, 2009 when it closed at just 676.

USA crude oil rose again and is up 5.9 per cent this week.