trade war: On Monday, the Dow closed up 117 points, or 0.44%, to 26,717.43, briefly trading above its closing record at 26,828.39 during that session, while the S&P 500 index held on to a 0.8% gain, or 23 points, at 2,964.33, setting an intraday record at 2,977.86, according to Market Watch. The Nasdaq Composite was 85 points higher, or 1.1%, at 8,091.16. How are benchmarks faring The Dow Jones Industrial Average DJIA, 0.67% was up 69 points, or 0.26%, at 26,786.75, the S&P 500 SPX, 0.77% gained 0.29%, or 8.7 points, setting a new record of 2,973.02, while the Nasdaq Composite Index COMP, 0.75% closed about 18 points higher, or 0.22%, to reach 8,1069.06. The Dow and the Nasdaq are within 1% of their records. But the truce in the trade war between the U.S .and China resulting from last weekend's G-20 meeting in Japan still leaves substantive issues unresolved and does little to turn around weak business spending and manufacturing activity data, analysts noted. What's driving the market Low debt yields globally and the prospect of renewed monetary policy stimulus from global central banks are encouraging equity investors.
(news.financializer.com). As
reported in the news.
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