DJIA22105.61
LIVE-221.87(-0.99%)
NDX7858.84
LIVE-30.17(-0.38%)

Wall Street at Record Levels On Trade Hopes, Robust Economic Data


Wednesday, 27 November 2019 23:29 WIB

Wall StreetSaham AS


c_740_198_16777215_00_images_assets_USMARKET_1493307820697.jpg

Wall Street’s main indexes notched fresh record highs on Wednesday, as latest data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the prolonged U.S.-China trade war.

Data showed growth picked up slightly in the third quarter, rather than slowing as initially reported, while U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of expansion in the fourth quarter.

The data added to the upbeat mood on a trade deal, fueled by comments on Tuesday from President Donald Trump that the United States was in the “final throes” of work on an agreement.

The three major U.S. stock indexes have hit record highs this month on expectations of a trade truce and fairly solid third-quarter earnings.

At 10:05 a.m. ET, the S&P 500 was up 4.21 points, or 0.13%, at 3,144.73 and the Nasdaq Composite was up 26.91 points, or 0.31%, at 8,674.84. But the Dow Jones Industrial Average was down 21.34 points, or 0.08%, at 28,100.34, weighed down by Boeing Co.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks closed on a positive note Tuesday, in line with a broad Asia advance and following a rally on Wall Street, while investors welcomed a surprisingly strong factory activity report out o...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.