News Formal

Here's what happened to the stock market on Friday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stocks ended another week of solid gains by notching fresh record highs as geopolitical risks abate to end 2019.

The S&P 500 has now closed higher for four weeks in a row, lifted by optimism around U.S.-China trade relations and solid economic data. On Friday, President Donald Trump said he and Chinese President Xi Jinping had a "very good talk" about the phase one trade deal announced last week. This lifted stocks on Friday along with strong consumer spending and sentiment numbers.

Stocks are now heading into the final trading days of 2019 with their biggest annual gains since 2013. Barring a major breakdown on trade, stocks should continue to drift further into record territory.'s stock got an earnings boost, surging 7.63%. Meanwhile, CarMax shares dropped 6.15% after its quarterly profit disappointed investors.New home sales data are scheduled for release Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens FridayU.S. stock futures were pointing to a higher Wall Street open on Friday after the S&P 500 closed above 3,200 for the first time ever.
Source: CNBC - 🏆 12. / 72 Read more »