Stocks Ended Higher on Easing Fears around U.S.-China Trade

U.S. stocks ended higher on Wednesday as three days of meetings between trade delegations from the U.S. and China appeared to end on a positive note. The Dow Jones Industrial Average advanced 91.67 points, or 0.39%, to 23,879.12. The S&P 500 added 10.55 points, or 0.41%, to 2,584.96. The Nasdaq Composite gained 60.08 points, or 0.87%, to 6,957.08.

Oil futures rallied Wednesday, on continued optimism over U.S.-China trade talks, a December output drop from major producers, and a weekly decline in domestic inventories. West Texas Intermediate crude for February delivery rose $2.58, or 5.2%, to settle at $52.36 a barrel. March Brent crude rose $2.72, or 4.6%, to $61.44 a barrel.

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