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Dow Set For 7th Gain In a Row on Renewed Trade Optimism, ECB Stimulus
Thursday, 12 September 2019 23:40 WIB | MARKET UPDATE |DOW JONESSaham AS

The Dow Jones Industrial Average advanced in a volatile session of trade Thursday, putting the blue-chip index on track to log its longest win streak in more than a year, following reports suggesting the U.S. and China were inching toward resolving the two year old international trade dispute.

Investors were also digesting the European Central Bank™s announcement of fresh stimulus measures, including an interest rate cut that moved a deposit rate further into negative territory and the relaunch of a program of government bond buying that it hopes will reinvigorate a flagging European economy.

The Dow Jones Industrial Average rose 72 points, or 0.3%, at 27,209, and a seventh advance on Thursday would the best series of gains since an eight-session rally ended May 14, 2018, according to FactSet data. Meanwhile, the S&P 500 index added 10 points, or 0.3%, at 3,011, while The Nasdaq Composite index advanced 40 points, or 0.5%, at 8,209.

On Wednesday, the Dow  rose 227.61 points, or 0.9%, to 27,137.04, closing above 27,000 for the first time since July. The S&P 500 index  advanced 21.54 points, or 0.7%, to 3,000.93. The Nasdaq Composite Index gained 85.52 points, or 1.1%, to 8,169.67.

Wednesday™s action left the Dow and S&P just 0.8% from their record closes, while the Nasdaq remains 1.9% from its all-time closing high.

Source : Market Watch

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