U.S. markets closed higher after reaching their best levels shortly after the open. The gains were attributed to easing concerns over the prospects of a global trade war and the possibility of talks between North and South Korea.
The Russell 2000 rallied 1% after reaching 1,562 into the closing bell while clearing and holding its 50-day moving average. This was a bullish development.
The Nasdaq was up 0.6% after testing an intraday high of 7,378 and is just 2% away from all-time highs.The S&P 500 added 0.3% while trading to a high of 2,732 and holding 2,700 on weakness afterwards. The Dow rose 9 points, or 0.04%, after reaching a peak of 24,995 and failing the 25,000 level for the second-straight session. Both indexes remain below their 50-day moving averages.
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