US stocks continue record-breaking run on upbeat data

2019-11-27 22:53:35 GMT (Economies.com)
US stocks continue record-breaking run on upbeat data

US stocks surged on Wednesday, to hit fresh record highs after robust growth data and the widespread optimism about the trade talks.

 

President Donald Trump stressed that the first phase of the final trade deal with China is very close.

 

The second reading of US GDP showed growth by 2.1% in the third quarter, higher than the first reading of 1.9%, and durable goods orders rose by 0.6% in October.

 

The US financial markets will be closed on Thursday in observance of Thanksgiving, and will have a brief session on Friday.

 

To the oil market, West Texas Intermediate (WTI) fell by 0.5% to close at $58.11, and hit a session-high of $58.6 and a low of $57.5.

 

Brent fell by 0.3% to $64.06 a barrel, with a high of $64.6 and low of $63.5.

 

As for stocks, Dow Jones rose 0.1% or 42 points to settle at 28,164, and hit an intraday high of 2,8174 and low of 2,8174.

 

Nasdaq gained 0.6% or 57 points to 8,705, with high of 8,705 and low of 8,662.

 

S&P 500 added 0.4% or 13 points to close at 3,153, and hit a high of 3,154 and low of 3,143.

 
 
 
  Symbol Last Change Chg.%
1.1137
0.0075
0.6766%
1.3172
0.0035
0.2664%
Tadawul
8005.77
-127.95
1.57%
16.918
0.346
2.088%
58.819
-0.291
0.492%
64.15
0.43
0.67%
1478.030
18.185
1.246%
 
 
US
 
Europe
 
Asia