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Dow Set For 7th Gain In a Row on Renewed Trade Optimism, ECB Stimulus


Thursday, 12 September 2019 23:40 WIB

DOW JONESSaham AS


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The Dow Jones Industrial Average advanced in a volatile session of trade Thursday, putting the blue-chip index on track to log its longest win streak in more than a year, following reports suggesting the U.S. and China were inching toward resolving the two year old international trade dispute.

Investors were also digesting the European Central Bank’s announcement of fresh stimulus measures, including an interest rate cut that moved a deposit rate further into negative territory and the relaunch of a program of government bond buying that it hopes will reinvigorate a flagging European economy.

The Dow Jones Industrial Average rose 72 points, or 0.3%, at 27,209, and a seventh advance on Thursday would the best series of gains since an eight-session rally ended May 14, 2018, according to FactSet data. Meanwhile, the S&P 500 index added 10 points, or 0.3%, at 3,011, while The Nasdaq Composite index advanced 40 points, or 0.5%, at 8,209.

On Wednesday, the Dow  rose 227.61 points, or 0.9%, to 27,137.04, closing above 27,000 for the first time since July. The S&P 500 index  advanced 21.54 points, or 0.7%, to 3,000.93. The Nasdaq Composite Index gained 85.52 points, or 1.1%, to 8,169.67.

Wednesday’s action left the Dow and S&P just 0.8% from their record closes, while the Nasdaq remains 1.9% from its all-time closing high.

Source : Market Watch


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