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Wall Street Hits Record High on China Data, Trade Deal; Apple Shines


Tuesday, 17 December 2019 00:08 WIB

DOW JONESS & P 500NasdaqSahamASWallstreet


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Wall Street notched a fresh record high on Monday as investor confidence was boosted by upbeat data from China, while cooling trade tensions between the world's two biggest economies removed one of the hurdles for global economic growth.

Data showed China's industrial output and retail sales growth accelerated in November, adding to optimism from the announcement of a trade deal by the two sides on Friday.

Apple Inc (AAPL.O), among the biggest companies to benefit from the deal, rose 1.7%. Chipmakers that make the components for its iPhones also gained.

At 10:22 a.m. ET the Dow Jones Industrial Average was up 197.85 points, or 0.70%, at 28,333.23, the S&P 500 was up 26.19 points, or 0.83%, at 3,194.99 and the Nasdaq Composite was up 86.77 points, or 0.99%, at 8,821.65.

Source : Reuters


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