After failing to extend its rally and closing the day with modest losses yesterday, major equity indexes opened the day mixed on Thursday. As of writing, the Dow Jons Industrial Average and the S&P 500 were down 0.4% and 0.22%, respectively, while the Nasdaq Composite was gaining 0.23% on the day.
Strong earnings data from the chipmaker-giant Texas Instruments helped the gain traction today, which was last up 0.65% on the day to lead the gains. On the other hand, consumer staples sector erase 1.4% on the day to force the major indexes to stay in the negative territory.
Earlier in the day, the U.S. Commerce Secretary Wilbur Ross told CNBC that although the U.S. and China were ‘miles and miles’ away from resolving the trade issues, there was a fair chance of the sides reaching a deal by the deadline.