US STOCKS-Wall St hits new record high on Disney, Best Buy

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* Best Buy jumps on solid holiday-quarter profit forecast
* Disney gains on bullish streaming service signups report
* Dollar Tree slumps on dour forecast as tariffs weigh
* Consumer confidence in November weaker than expected
* Indexes up: Dow, S&P 0.07%, Nasdaq 0.13%

(Updates to open)
By Arjun Panchadar
Nov 26 (Reuters) - Wall Street's three main indexes hit
all-time highs on Tuesday, as gains for Disney and Best Buy
countered weak consumer confidence data and a slump in shares of
discount store operator Dollar Tree.
Walt Disney Co DIS.N was the top boost to the Dow Jones
with a 1.8% rise, after a report its streaming service was
averaging nearly a million new subscribers a day. The stock also
propped up the benchmark S&P 500.
Rising hopes of a U.S.-China trade truce, upbeat domestic
economic data and a third-quarter corporate earnings season that
has largely topped lowered expectations have put the market back
on an upward track after a torrid summer.
Beijing said on Tuesday negotiators had reached a consensus
on "resolving relevant problems". Hours later, White House
adviser Kellyanne Conway said Washington was getting "really
close" to a deal, but sticking points remained. "They keep talking about the 'phase one' deal being done
possibly soon, but every day is sort of a ping pong
back-and-forth of will they or won't they," said Everett
Millman, precious metals expert with Gainesville Coins in Tampa,
Florida.
A third interest rate cut by the Federal Reserve this year
has also played a role in boosting risk appetite, and Fed Chair
Jerome Powell said on Monday monetary policy was "well
positioned" to support the strong labor market. However, doubts over the strength of the U.S. consumer
linger and data on Tuesday showed the Conference Board's U.S.
consumer confidence index missed analysts' projections.
At 10:31 a.m. ET, the Dow Jones Industrial Average .DJI
was up 20.16 points, or 0.07%, at 28,086.63, while the S&P 500
.SPX was up 2.10 points, or 0.07%, at 3,135.74. The Nasdaq
Composite .IXIC was up 11.59 points, or 0.13%, at 8,644.08.
Best Buy Co Inc BBY.N jumped 7.4% as it forecast strong
holiday-quarter earnings, while discount store operator Dollar
Tree Inc DLTR.O tumbled 15% after the company projected
holiday-quarter profit below expectations, signaling the fallout
from the trade dispute. The stock was the biggest on the S&P and
the Nasdaq. Hewlett Packard Enterprise Co HPE.N fell 7.9% as the
enterprise software maker missed fourth-quarter revenue
estimates. Advancing issues outnumbered decliners by a 1.50-to-1 ratio
on the NYSE and by a 1.37-to-1 ratio on the Nasdaq.
The S&P index recorded 25 new 52-week highs and no new lows,
while the Nasdaq recorded 78 new highs and 35 new lows.