Industrials lead US stocks higher again; Macy’s nosedives
NEW YORK (AP) — A day of back-and-forth trading Thursday ended with the fifth gain in a row for U.S. stocks. Industrial companies like Boeing and General Electric rose while retailers fell as Macy’s suffered its biggest loss of all time.
Stocks struggled in the early going and the Dow Jones Industrial Average lost 175 points after U.S. and Chinese officials wrapped trade talks in Beijing. Transportation and machinery companies climbed after the U.S. Trade Representative said China agreed to buy more agricultural and manufactured products.