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RSS FeedsStocks end week of milestones at new highs; Dow tops 28,000
(WorldNews Business)


16 november 2019 00:30:09

Stocks end week of milestones at new highs; Dow tops 28,000
(WorldNews Business)

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of weekly gains to four. Investors have been encouraged by surprisingly good corporate earnings, three interest rate cuts by the Federal Reserve and data showing the economy is still growing solidly. Hopes that the U.S. and China can make progress in their latest push for a trade deal have also helped keep investors in a buying mood. `Over the past week...

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