Thursday, December 12, 2019

Stocks soar on optimism of trade deal with China

There is so much winning. And to think leftists want to impeach President Trump. Maybe they want to do so because America is winning.

From Marketwatch:
U.S. stocks surged to new records Thursday propelled by reports the U.S. and China had reached at trade deal to avoid new tariffs due on Sunday, and roll back existing levies, in exchange for purchases of American agricultural products.

The benchmark S&P 500 and Nasdaq Composite indexes closed at record highs while the Dow Jones Industrial Average saw a new intraday record.
How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.79% closed 220.75 points, or 0.8% higher, at 28,132.05, just shy of a new all-time high. The S&P 500 index SPX, +0.86% gained 26.95 points, or 0.9%, to close at 3,168.58, and the Nasdaq Composite Index COMP, +0.73% added 63.27 points, or 0.7%, to 8,717.32, both new records. The Russell 2000 RUT, +0.79% gained 15.63 points, 1%, to close at a new all-time high of 1,647.56.

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