Dow closes week at highest since March 1 as Boeing rebounds; S&P 500, Nasdaq end at 5-month peak
Saturday, 16 March 2019 03:38 WIB |
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U.S. stocks booked their best weekly gains in several weeks, and the S&P 500 and Nasdaq finished at their highest levels since early October, as investors focused on progress on China trade talks and dismissed a batch of data that was less-than-stellar.
The Dow Jones Industrial Average ended up 138 points, or 0.5%, at 25,849, finishing at its highest level since March 1. The S&P 500 index closed up 0.5% at 2,822, while the Nasdaq Composite Index finished up 0.8% at 7,688, with both indexes closed at their highest levels since Oct. 9. For the week, the Dow finished up 1.6%, marking its best weekly gain since Feb. 15, despite woes related to the groundings of Boeing 737 Max fleets that rattled the aviation and defense contractor's shares. The S&P 500 recorded a weekly gain of 2.9%, while the Nasdaq registered a weekly climb of 3.8%, representing the best weekly advance for those benchmarks in about two months.
Source : MarketWatch