NEW YORK: Wall Street stocks ended at fresh records on Thursday , a buoyant start to the 2020 trading campaign that extended the late-2019 rally.The broad-based S&P 500 gained 27.07 points to 3,257.85, while the tech-rich Nasdaq Composite Index jumped 119.58 points to 9,092.19, its biggest single-session gain in nearly three months.
Karl Haeling of LBBW cited comments earlier in the week from President Donald Trump that he would sign a trade deal with China on Jan 15 as sufficient to keep markets happy. Briefing.com analyst Patrick O'Hare called the PBOC action"another bottle of champagne to enjoy" after New Year's Day celebrations and one that continued the market's"bullish bias."