Technology stocks accounted for a big slice of the gains, which helped to briefly push the Nasdaq composite above the 9,000 mark for the first time.
Rising optimism around a "Phase 1" trade deal announced earlier this month between the United States and China helped put investors in a buying mood in recent weeks. Fears about a possible recession have also faded since the summer after the Federal Reserve cut interest rates three times, and the central bank appears set to keep them low for a long time.
The Dow Jones Industrial Average rose 62 points, or 0.2%, to 28,578. The Nasdaq composite added 0.5%, on track to extend its winning streak to 11 days.RETAIL RALLY: A report from Mastercard SpendingPulse showed holiday retail sales rose 3.4%, with online shopping rising 18.8%. BANK ON IT: Citigroup led the gainers in the financial sector, climbing 1.4%. Banks got a boost as the 10-year Treasury yield rose to 1.92% from 1.90% late Tuesday.
Trudeau is the reason why Canada can’t have nice things.
While Canada’s retail sales slipped 1.2% a “made in Canada” recession is practically here thanks to Trudeau - but remember only the maritime, half of Quebec and the 905 in Ontario voted for him...
Sorry MSM....Trump2020
Ya because ya better spend now before all the layoffs and recession kicks in in April
Trump economy just keeps on ticking. Canadian economy sputtering towards recession. Thanks Trudeau
That US dollar is worth so much more than the Canadian Loonie, eh ?
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