The Week on Wall Street
Stocks rallied last week as optimism about a potential U.S.-China trade deal grew. The S&P 500 advanced 0.80% during the 4-day trading week to 2,792.67. The Nasdaq Composite improved 0.86% to 7,527.54, and the Dow Jones Industrial Average gained 0.64% to 26,031.81.
The renewed prospects for a trade pact were not the only development investors found appealing last week. There were indications that the Federal Reserve might be a bit less committed to its plans to raise interest rates further this year.[1][2]
Month: February 2019
Dow, S&P, Nasdaq Climb Higher
The Week on Wall Street
Stocks ended a good week on a high note, as hints of progress in U.S.-China trade talks encouraged investors.
Stocks Post Small Weekly Gains
The Week on Wall Street
Major U.S. stock benchmarks eked out slight gains last week, with corporate profit reports and news about U.S.-China trade negotiations vying for investor attention over five trading sessions.
Markets Gain Again
Last week closed out one of stocks’ top January performances in years. In fact, both the S&P 500 and Dow posted their best January results in at least 3 decades.[1] For the week, major domestic indexes were also up. The S&P 500 gained 1.57%, the Dow added 1.32%, and the NASDAQ increased 1.38%.[2] The Dow’s performance marked its 6th week of gains in a row.[3] Internationally, MSCI EAFE stocks also posted growth, rising 0.91%.[4]