Wall Street Live: Stocks edge up on progress in US-China trade talks, inflation

Wall Street Live: Wall Street stock indices edged higher on Wednesday after US and Chinese officials touted progress on trade talks and consumer inflation rose modestly.

At the opening bell, the Dow Jones Industrial Average rose 16.0 points, or 0.04%, to 42,882.86. The S&P 500 rose 10.6 points, or 0.18%, to 6,049.38, while the Nasdaq Composite rose 64.4 points, or 0.33%, to 19,779.355.

After two days of talks in London, US President Donald Trump said in a social media post that "our deal with China is done".

He also noted that provisions on rare earth elements and allowing Chinese students at US universities were subject to presidential approval.

Meanwhile, the US inflation – Consumer Price Index – came in at 2.4% in May from a year ago after a 2.3% reading in April.

In the bond market, the yield on the 10-year Treasury fell to 4.43% from 4.47% late on Tuesday.

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