Wall Street ends higher on hopes of trade war de-escalation
NEW YORK (Reuters) -Wall Street stocks advanced on Wednesday on revived hopes for progress in the U.S.-China trade dispute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has "no intention of firing" Fed Chair Jerome Powell. All three major U.S. stock indexes pared gains by the closing bell. "We had such a strong open, it was really related to developments out of Washington," said Russell Price, chief economist at Ameriprise in Troy, Michigan.