Wall Street ends higher on trade, ECB stimulus hopes

Wall Street ends higher on trade, ECB stimulus hopes

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – U.S. stocks advanced on Thursday, and the S&P 500 closed within striking distance of its all-time high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank.

Based on the latest available data, the Dow Jones Industrial Average .DJI rose 47.11 points, or 0.17%, to 27,184.15, the S&P 500 .SPX gained 8.77 points, or 0.29%, to 3,009.7 and the Nasdaq Composite .IXIC added 24.79 points, or 0.3%, to 8,194.47.

Reporting by Caroline Valetkevitch; Editing by Chris Reese

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