Dow, S&P touch record highs on relief from trade concerns
Thursday, 20 September 2018 23:13 WIB | MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq

The Dow and the S&P 500 hit record highs on Thursday, clearing away investors' immediate concerns over trade at the start of this week and leaving Wall Street free to return to a rally that now dates back a decade.

Tech stocks were again at the forefront of gains, led by chipmakers and a 1.1 percent rise in Apple, which has drawn heart from the exclusion of some products from the list of U.S. tariffs on China on Monday.

Nine of the 11 major S&P sectors were higher, and the Dow Industrials, which had lagged the Nasdaq and the S&P, quickly moved back into record territory in morning trade.

The Dow Jones Industrial Average was up 234.42 points, or 0.89 percent, at 26,640.18, the S&P 500 was up 19.10 points, or 0.66 percent, at 2,927.05 and the Nasdaq Composite was up 64.81 points, or 0.82 percent, at 8,014.84.

Chipmakers Intel and Micron rose 1.8 percent and 2.6 percent.

After having slapped new tariffs on each other™s goods this week, China now hopes that Washington will show sincerity and take steps to correct its behavior.

Source: Reuters

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