Charts
The NASDAQ Composite Index rose by 44.61 points, or 0.41%, to 10,904.33 in midday trading on Wednesday. The NASDAQ-100 Index was up 63.60 points, or 0.56%, to 11,373.93.
Investors are also keeping an eye on the latest developments in the trade negotiations between the U.S. and China. The two sides are set to resume talks on Thursday in an effort to reach a deal before the end of the year.
In corporate news, shares of Boeing were down 2.5% after the company announced that it would suspend production of its 737 Max jet in January. The decision comes as the company continues to grapple with the fallout from two deadly crashes involving the jet.
Headlines
At least 50 people were killed when an air strike hit a concert in Myanmar, according to media reports and opposition figures. The U.S. has charged two Chinese defendants with trying to obstruct a telecom prosecution. Mirae Asset is in talks to fund Elon Musk’s Twitter deal, according to a source. Don’t get suckered into paying for these 20 useless things at car dealerships.
