consumers: Meanwhile, consumer spending growth for the third quarter was revised higher to 3.2% from 2.9%. Sentiment among consumers also remained strong in December, according to Xinhua China. The S&P 500 rose 0.5% to 3,221.23 while the Nasdaq Composite advanced 0.4% to 8,924.96 and notched an eight-day winning streak. Wall Street also got a boost after President Donald Trump tweeted he had a very good talk with Chinese President Xi Jinping about the U.S.-China trade deal, noting China has already started large scale purchases of agricultural product & more. The Dow Jones Industrial Average climbed 78.13 points, or 0.3% to 28,455.09. Verizon and 3M both rose more than 1.8% to push the Dow into record levels. Carnival shares led the S&P 500 higher, surging more than 7% on strong quarterly results.
(news.financializer.com). As
reported in the news.
Tagged under consumers, sentiment topics.