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Global stocks moved higher Thursday as traders downplayed trade disputes
Stocks climbed over the course of the trading day Thursday, extending the rally of the past few sessions. With the gains on the day, the Dow Jones industrials and the S&P reached new record closing highs. The Dow and Nasdaq were up 1.0 percent and the S&P added 0.8 percent. Traders continued to shrug off concerns about the escalating trade dispute between the US and China. JPMorgan Chase CEO Jamie Dimon sought to downplay the trade dispute in comments calling it a "trade skirmish" rather than a trade war. Upbeat economic data also generated some positive sentiment.
Most stock indices advanced as trade worries subsided
Shares were mixed in lackluster trading Wednesday. The Dow Jones industrials gained 0.6 percent — it climbed to its best closing level since late January. The S&P edged up 0.1 percent while the Nasdaq retreated 0.1 percent. Trading was choppy amid lingering concerns about the trade dispute between the US and China. With the widely anticipated tariff announcements in the past, traders were now focusing on next week's Federal Reserve meeting.