US stocks edge higher as positive housing data outweighs stimulus stall
Reuters / Lucas Jackson
US stocks edged higher on Tuesday as investors looked for signs of progress on government stimulus and US-China trade talks.
The S&P 500 hit a record high in intraday trading before paring gains.
Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery.
Democrats and Republicans remain deadlocked in negotiations on the next stimulus bill, while the Trump administration on Monday imposed new restrictions on Huawei.
Read more on Business Insider.
US stocks edged higher on Tuesday as positive housing data outweighed stalled negotiations for further government stimulus.
The S&P 500 hit an intraday record Tuesday morning, climbing to a fresh high of 3,393.52 before paring gains. It’s the first time the index has reached a record since the coronavirus pandemic roiled global markets in March. See the rest of the story at Business Insider
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