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US stocks continue to jump to record highs

Economies.com
2019-07-15 21:21PM UTC

US stocks rose slightly in the last hours of Monday trading, but that was enough for the major indices to continue their rally to new record highs.


This comes despite market worries that followed the release of China's GDP data, which grew by 6.2%, the lowest on a quarterly basis since 1992.


Investors in the markets began to focus on the quarterly corporate results season for the second quarter of this year, and Citigroup started the results today.


US Treasury Secretary Steven Mnuchin said that negotiations were underway with Congress to raise the debt ceiling to avoid a new government shutdown.


In the oil market, West Texas fell 1.1% to close at $59.58 per barrel, recording a high of $60.9 and a low of $59.2.


Brent fell 0.4% to $66.48 per barrel, recording a high of $67.4 and a low of $66.1.


At the close of the session, Dow Jones rose 0.1% (27 points) to 27,359 points, the highest level at 27,364 points and the lowest level at 27,249 points.


Nasdaq rose 0.1% (14 points) to 8,258 points, and recorded a high of 9,246 points and a low of 8,236 points.


Standard & Poor's rose 0.1% to close at 3,014 points, and hit a high of 3,017 points and a low of 3,008 points.

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