REPORT: S&P 500 logs longest win streak since September as trade tensions ease

JANUARY 9, 2019

Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by MARKETWATCH.COM:

U.S. stocks closed higher for a fourth session Wednesday, with the S&P 500 in its longest winning streak since Sept. 14, on reports that the U.S. and China have narrowed differences over trade. Minutes from the December’s Federal Open Market Committee meeting, which indicated caution on future interest rate hikes, also helped to buoy sentiment.

The Dow Jones Industrial Average DJIA, +0.39% DJIA, +0.39% rose 91.67 points, or 0.4%, to 23,879.12, its best series of gains since Nov. 8, while the S&P 500 SPX, +0.41% climbed 10.55 points, or 0.4%, to 2,584.96. The Nasdaq Composite Index COMP, +0.87% advanced 60.08 points, or 0.9%, to 6,957.08.

The article goes on to state the following:

Major indexes ended off intraday highs but the S&P 500 and the Dow are moving closer to levels to exit correction territory.

To get more information about this article, please visit MARKETWATCH.COM. To weigh in, leave a comment below.

Leave a comment

Your email address will not be published. Required fields are marked *