USA stocks trade higher amid economic data

USA stocks trade higher amid economic data

The new trade pact not only received approving nods from the Democrats and Republicans but also from the Chamber of Commerce and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO).

Investors shrugged off President Trump's impeachment on Thursday, sending all three major stock markets to intra-day trading record highs.

USA stocks rose toward fresh highs Friday, powered by new signs of economic strength that have followed a calm in trade tensions. The Nasdaq Composite Index added 59.48 points, a gain of 0.7%, at 8,887.22, extending its seventh-day winning streak and setting another record.

Investors seem to be cheering US GDP data.

Momentum for stocks has been clearly upward for months and the market is heading into what has historically been a seasonally good period.

Information technology and materials were also among the gainers. Notably, one that forecast that the Dow and S&P 500 were guaranteed to rise at least another 5% on average in the next two months based on a statistical trend pegged to strong returns at the end of October for the main benchmarks has held up. The Russell 2000 index of smaller company stocks picked up 4.81 points, or 0.3 percent., to 1,671.90. Eastern time. Roughly two stocks rose for every one that fell on the New York Stock Exchange.

The 10-year Treasury yield edged to 1.92 percent from 1.91 percent late Thursday.

Despite the last-minute dip, stocks are on track for strong gains this year. Conagra's outcomes additionally lifted different packaged meal makers and helped the S&P 500 client staples index advanced 0.6%. The Nasdaq, which is heavily weighted with technology stocks, is up 33%. Stocks have mostly continued their record-breaking run this week. President Donald Trump's impeachment appeared to have little effect on equities.

"Nothing gets people back in like a rising market", Mr. Slimmon said. "There are no surprises on that front, which is why the market isn't reacting much to it".

Traders had their eye on a mixed batch of corporate earnings reports Wednesday.

Overseas, the Stoxx Europe 600 index climbed 1.5% for the week, while the Hang Seng Index ended up week up 0.7%.

The Nasdaq climbed 190.08 points, or 2.2%. The electric vehicle maker's stock is up 18.1% so far this year. Health care and industrial stocks also notched solid gains.

Energy shares underperform amid falling crude oil prices. Brent crude oil, the worldwide standard, gained 5 cents to $66.59 a barrel. The euro was unchanged, at $1.1121. Heating oil declined 1 cent to $2.02 per gallon. Natural gas rose 6 cents to $2.33 per 1,000 cubic feet.

The dollar rose to 109.47 Japanese yen from 109.28 yen on Thursday.

Related Articles

  • OnePlus announces new bug bounty program to strengthen its cybersecurity

    OnePlus announces new bug bounty program to strengthen its cybersecurity

    Now, the expanded program is live, as Ivan Krstić, Apple's Head of Security and Architecture, has announced on Twitter. Also, Apple has mentioned that, where relevant, researchers should also use the latest publicly available hardware.
    2 firefighters die, 3 hurt as wildfires ravage Australia

    2 firefighters die, 3 hurt as wildfires ravage Australia

    According to authorities, some 40 homes were destroyed due to bushfires on Thursday in the area where the firefighters died. The Gospers Mountain mega fire has already burned nearly 460,000 hectares (1.14 million acres) to the northwest of Sydney.
    New leader of Macao sworn in Xi's presence

    New leader of Macao sworn in Xi's presence

    Security checks were also ramped up in Hong Kong's ferry terminals and on a huge bridge and tunnel system linking the two cities. President Jinping also said that he would not tolerate foreign powers meddling with China's domestic policies.
  • What time does Walmart close on Christmas Eve? Store hours for Dec

    What time does Walmart close on Christmas Eve? Store hours for Dec

    Here's a look at what will be open and closed Wednesday: Banks Banks, including the Federal Reserve, close on Christmas. On the days government offices are closed, public parks, preserves and beaches remain open to the public.
    The Launch of Boeing's Starliner Spacecraft Didn't go to Plan

    The Launch of Boeing's Starliner Spacecraft Didn't go to Plan

    As a result, the capsule orbited in a position, which is incompatible with the orbit of the International Space Station . Nasa initially had expected to begin crewed flights aboard the Starliner and the Crew Dragon capsules in late 2017.
    Shocking twist in missing mother and newborn baby case

    Shocking twist in missing mother and newborn baby case

    The baby's DNA is being tested to confirm whether she is Margot Carey, the infant missing since December 12 . Police are asking people to share their tips with the Austin Police Department .
  • Charlotte 49ers Players Lead Youth Football Clinic Prior to Bahamas Bowl

    Buffalo: The Bulls had lost all three of their previous bowl trips by double-digits, but never trailed in this game. Both Charlotte and Buffalo rank bottom 10 in special teams efficiency and bottom 20 in net starting field position.
    The Witcher: People Say Netflix's New Show Is The Next

    The Witcher: People Say Netflix's New Show Is The Next

    For one, it's based on a video game - that doesn't usually bode well for ratings and critical acclaim. NBC News raved that the show "pushes the boundaries of fantasy more than Game of Thrones ever could".
    Pakistan Army lashes out at judiciary, backs Musharraf

    Pakistan Army lashes out at judiciary, backs Musharraf

    "I call it (verdict) a suspicious judgment because it disregarded the principle of supremacy of law from the beginning". Musharraf first took power after ousting prime minister Nawaz Sharif in a bloodless coup in 1999.
  • Wawa warns of PoS malware that's been stealing credit card data

    Wawa warns of PoS malware that's been stealing credit card data

    The company, along with law enforcement and an outside security forensic team, is investigating the incident. They still run on traditional technology that receives payment information from the card's magnetic stripe.
    Prince Philip taken to hospital as a

    Prince Philip taken to hospital as a "precautionary measure"

    Queen Elizabeth arrived at her private residence at Sandringham on Friday for the family's annual Christmas celebration. Her Majesty arrived without her husband the Duke of Edinburgh , who retired from royal duties in August 2017.
    Minnesota Flu Activity Now Rated as Widespread

    Minnesota Flu Activity Now Rated as Widespread

    Medina and Summit counties reported only a handful of flu-related hospitalizations through early December. Influenza immunization is now available, free of charge, to all Albertans age six months and older.