U.S. stocks closed modestly on Thursday, after four days of losses, as investors await further news on U.S. China trade relations from the G-20 meeting tomorrow in Japan.
President Donald Trump and Chinese President Xi Jinping are expected to meet on the second day morning of G20 summit.
Investors are looking carefully at two scenarios that may result from this meeting, either a trade deal between the two sides or a trade escalation.
In the first scenario, Washington and Beijing are likely to agree on a trade deal that would determine the relationship between the two sides. The US Treasury Secretary says that about 90 percent of the deal has been completed and that there is a way to complete this at the G20, which China considers possible.
But unless a trade deal is reached between the Presidents of the two largest economies, which is the second scenario, the threat of additional tariffs on the rest of China's goods looms again.
At the end of the trading day, The Dow Jones Industrial Average declined by 0.04 percent was down 10.24 points to reach 26,526.58, while the S&P 500 index increased by 0.38 percent to reach 2,924.92 and the NASDAQ composite index raised by 0.73 percent at 7,967.76.
Ford rose 3.13 percent after announcing a 12,000 job cut in Europe by the end of 2020 and said its European operations were on track to improve by the end of 2019.
Boeing shares fell nearly 3 percent on Thursday
as uncertainty about the return of the 737max planes to fly again. In a
statement yesterday, the Federal Aviation Administration revealed a problem
with the Boeing 37 Max aircraft during tests to fly again after the incidents
in Ethiopia and Indonesia.