U.S. Stock Market Drifts Higher as Wall Street Hopes For Central-Bank Stimulus
Monday, 9 September 2019 23:22 WIB |
MARKET UPDATE |S & P 500Saham AS
U.S. stocks headed cautiously higher on Monday as investors looked ahead to European Central Bank and the Federal Reserve monetary policy moves, with both central banks expected to reveal easier-money initiatives in coming days.
The Dow Jones Industrial Average rose 81 points, or 0.3%, to 26,859, while the S&P 500 index gained 5 points, or 0.2%, to 2,984. The Nasdaq Composite Index added 14 points, or 0.2%, to 8,117.
Last week, the Dow saw a 1.5% rise, while the S&P advanced 1.8% and the Nasdaq posted a 1.8% weekly advance. The gains left the S&P 500 1.6% below its all-time closing high of 3,025.86 set on July 26, while the Dow ended Friday off 2.1% from its record of 27,359.16 set on July 15. The Nasdaq ended last week off 2.7% from its all-time closing high of 8,330.21 set on July 26.
Source : Market Watch