Stocks finish a quiet week with new all-time highs

Wall Street capped a mostly quiet week of trading Friday with broad gains for stocks and more record highs for the major indexes.

“It’s just a benign continuation of the year-end rally based on no compelling reasons to scare people into selling,” said Tom Martin, senior portfolio manager with Globalt Investments. “You have not a lot of reasons to sell; maybe a few reasons to buy. So, it’s just a very slow, low volume drift upward.”The S&P 500 rose 15.85 points, or 0.5%, to 3,221.22. With less than two weeks left in 2019, the S&P 500 is up 28.5% for the year.

The U.S. and China agreed last week to cut tariffs on some of each others’ goods and postpone other tariff threats. The interim trade deal has helped ease a key source of uncertainty for investors heading into next year.Encouraging reports on home construction, industrial production and other economic data earlier this week helped keep the rally going. More good news arrived Friday with a report showing U.S. households continue to spend amid a healthy job market.

Technology stocks accounted for a big slice of the market’s gains. Intel rose 1.7%. Healthcare and industrial stocks also notched solid gains. Cigna climbed 3% and Union Pacific added 1.7%.

Thank you Mr. President!

Trump 2020

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stocks near record highs, Sweden ends negative ratesWorld stocks drifted down from the week's record highs on Thursday, while t...
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves after hours: Nike, Smart Global and BiogenSee which stocks are posting big moves after the bell on Thursday. What % of the US population has stocks worth 100K, 200K, 500K? What % has $1 million for retirement?
Source: CNBC - 🏆 12. / 72 Read more »

Stocks ring in new closing records on trade and economic optimismU.S. stocks ended higher on Thursday, reaching new closing records, as investors continued to enjoy the afterglow of optimism around a phase one trade deal... Thank you President Trump Keep pumping with FED injected 8.9 Billion this noon.
Source: MarketWatch - 🏆 3. / 97 Read more »

Investor David Tice warns it's too dangerous to buy stocks right now - here's whyInvestor David Tice warns it's too dangerous to buy stocks right now - here's why (via TradingNation) TradingNation Who cares what David Tice says or thinks. He’s been wrong for 20 years. TradingNation CNBC is so funny. When the market is down, it's too dangerous. When the market is up, it's too dangerous. Scare people enough that they're glued to the news -- great business model. TradingNation nope!!! never dangerous with free fed cartel money!!! only upupup!!! buybuybuy!!! the only price discovery i want to see is how much free money is in my portfolio EOY!! BUYYyYyYyYYyyYYyYyYyYyyYyYYyyyYyYy
Source: CNBC - 🏆 12. / 72 Read more »