Dow Closes At 3-Week High as Investors Cheer Start to Earnings Season

Wednesday, 16 October 2019 03:53 WIB

DOW JONESS & P 500Saham AS


U.S. stocks finished at more-than-three-week highs Tuesday, as investors cheered a raft of largely upbeat corporate earnings reports, while considering the implications of a partial U.S.-China trade deal announced last Friday and the possibility of a breakthrough in Brexit negotiations.

The Dow Jones Industrial Average  rose 237.44 points, or 0.9%, to end at 27,024.80, while the S&P 500 index gained 29.53 points, or 1%, to finish at 2,995.68. The Nasdaq Composite Index advanced 100.06 points, or 1.2%, to close at 8,148.71.

The gains saw the Dow and S&P 500 turn higher for the month, with the blue-chip gauge up 0.4% since the end of September and the S&P up 0.6% over the same stretch. The Nadaq added to its month-to-date gain, up 1.9%.

The S&P 500 ended about 1% below its record close of 3,025.86 set on July 26, while the Dow Jones Industrial Average closed around 1.2% below its record finish of 27,359.16 set on July 15, and the Nasdaq Composite finished around 2.3% away from its record close of 8,330.21 scored on July 26.

Source : Market Watch


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