U.S. stock benchmarks on Thursday were trading modestly higher as a trade meeting between President Donald Trump and China's leader Xi Jinping was set to get under way. A stumble in shares of Boeing Co. (NYS:BA) on reports that additional computer issues with the aeronautics and defense contractor's controversial 737 MAX fleet was dragging down the broader market. The Dow Jones Industrial Average (DOW:DJIA) was flat at 26,548, the S&P 500 index (S&P:SPX) climbed 0.3% at 2,922, while the Nasdaq Composite Index (NASDAQ:COMP) advanced 0.5% at 26,537. HealthEquity Inc. (NAS:HQY) is buying WageWorks Inc. in a deal the companies are valuing at about $2 billion. In economic reports, a final reading of gross domestic product for the first quarter showed that growth remained at a strong 3.1% annual rate, while initial jobless claims, a proxy were a seasonally adjusted 227,000 in the week ended June 22, up 10,000 from the week before, the Labor Department said.
Read the full story:
S&P 500 books first gain in 5 days as investors await China-U.S. trade progress