New York - A surprisingly strong report card on the U.S. economy helped power the benchmark S&P 500 and Nasdaq Composite indexes to record high closes on Friday, capping a week of gains for stocks that came largely on the back of resilient corporate profits.
After staying close to flat for much of the day the S&P, Nasdaq and the Dow gained ground in the last hour of trading to register their second record closes for the week. The S&P’s peak for the day was a point below its intraday record. The Dow Jones Industrial Average rose 81.25 points, or 0.31%, to 26,543.33, the S&P 500 gained 13.71 points, or 0.47%, to 2,939.88 and the Nasdaq Composite added 27.72 points, or 0.34%, to 8,146.40.After a late 2018 sell-off, stocks have rallied this year in large part due to a more dovish stance from the Federal Reserve as well as hopes of a U.S.-China trade resolution.
“Earnings season has been mixed but it’s been a net positive,” said Battle. “The theater now pivots from earnings season to the Fed meeting next week.”The S&P’s biggest boost on Friday was from the consumer discretionary sector, which rose 0.9%. Out of the S&P 500’s 11 major sectors, energy was the biggest percentage loser with a 1.2% drop as oil prices sank more than 3 percent after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices. [O/R]Walt Disney Co rose 1.95% after Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut.
TV Was this made by hand? How skillful in the use of the hands!
TV Best economy ever?
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Reuters - 🏆 2. / 97 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »