Thursday, 12 December 2019
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S&P 500 Index on Track For All-Time Closing High as Stocks Edge Higher
Friday, 25 October 2019 23:23 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stocks extended modest gains Friday, with the benchmark S&P 500 index trading above its all-time closing high of 3,025.86 set on July 26, while the Dow Jones Industrial Average was boosted by a jump in Intel stock after earnings beat estimates, as the busiest week of the third quarter corporate earnings reporting season winds down.

Geopolitical risks were also a concern with the European Union debating another delay to Brexit, but stocks also received a boost from reports the U.S. and China were close to finalizing some sections of a recently agreed trade deal.

The S&P 500 index %  traded as high as 3,027.35, shy of its intraday record of 3,027.98, also set on July 26. The Dow Jones Industrial Average meanwhile, was around 188 pints higher at 26,993, a gain of 0.7% and below its all-time closing high of 27,359.16, also set in July. The Nasdaq Composite was up 52 points or 0.6% at 8,238.

Source : Marketwatch

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