Stock Trade Flat But Longest Win Streak in a Year in Sight For S&P 500 After Trump's State of The Union

Wednesday, 6 February 2019 21:50 WIB

DOW JONESS & P 500SahamASNasdaq Composite


U.S. stock indexes on Wednesday were trading little changed at the open following a State of the Union from President Donald Trump that offered few new declarations but wasn't as acerbic as some had feared.

The S&P 500 index was at 2,736, off less than 0.1%. If the broad-market benchmark manages to notch a sixth consecutive gain it would equal its longest string of gains since the period ended Feb. 16, according to FactSet data. The Dow Jones Industrial Average was at off less than 0.1% at 25,400, while technology shares edged slightly higher, with the Nasdaq Composite Index climbing about 0.1% at 7,404. A finish at 7,431.50 or above for the Nasdaq would mean that tech proxy has emerged from bear-market territory, after sinking by at least 20% from a previous high late last year.

In corporate news, investors were watching shares of Snapchat-parent Snap Inc. which saw its shares soaring by nearly 20% after its corporate results late Tuesday, showed that it was narrowing losses.

Source :Marketwatch


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