Dow Surges Above 29,000 and Stock Market Hits Fresh Records, Amid Strong Earnings and Data
Thursday, 16 January 2020 21:50 WIB |
MARKET UPDATE |SahamASIndeks NasdaqS & P 500DOW JONES
U.S. benchmarks jumped to all-time intraday highs early Thursday, on the heels of the signing of a formal trade truce between the U.S. and China, completed at a White House signing ceremony on Wednesday.
Investors were judging a batch of U.S. economic reports including those on retail sales and jobless claims and a fresh batch of quarterly results, headlined by those from Morgan Stanley, as upbeat, providing further reason to extend a record-setting move by stocks.
The Dow Jones Industrial Average rose 170 points, or 0.6%, at 29,202, those for the S&P 500 index advanced 0.5% at 3,307, while the Nasdaq Composite Index picked up 0.7% to 9,320. All three stock gauges touched intraday records at the start of Thursday action. In economic news, most retailers posted higher sales in December to finish out the holiday season on a strong note. Retail sales increased 0.3% last month, the government said Thursday, just a tick below the MarketWatch forecast.
Source : Marketwatch