Nasdaq crossez the 9,000 point mark for the first time, boosted by optimism over US - China trade relations and gains in Amazon shares
The Amazon logo and stock price information is seen on screens at the Nasdaq Market Site in New York City, US, September 4, 2018
Cooling US - China trade tensions have fueled the latest leg of Wall Street's record-setting rally. With just days to go until the year-end, the benchmark S&P 500 is up 29 percent so far in 2019, which would be its biggest annual percentage gain since 2013. "The important part is that the online sales were much stronger than expected. The brick-and-mortar were less than expected, so the online sales, and principally Amazon, saved the day," said John Conlon, director, equity strategy at People's United Advisors.
A 0.9 percent decline in shares of Boeing Co, which has been dealing with the fallout from the grounding of its 737 MAX jet, weighed particularly on the Dow.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Nasdaq soars past 9,000 for the first time ever, fueled by Amazon's holiday sales boomThe Nasdaq Composite index broke through the 9,000 level for the first time ever Thursday, driven higher by Amazon's 4% surge and broad year-end...
Read more »
Nasdaq ends above 9,000 with 10th-straight record close; S&P, Dow set new all-time highsU.S. stocks continued to drift higher in the fourth-to-last trading day of 2019, with the major benchmarks setting new intraday and closing highs. The Dow...
Read more »
Stocks close at historic highs, Nasdaq finishes above 9,000 points for the first timeThe Nasdaq Composite logged its tenth record in a row and finished above 9,000 points for the first time ever. It's the index's longest winning streak since July 2013.
Read more »
Stocks Hit Fresh Highs as Nasdaq Crosses 9000The Dow and S&P 500 climbed to records as markets reopened after the Christmas holiday, and the Nasdaq Composite crossed 9000 for the first time on the back of strong holiday sales.
Read more »
Nasdaq hits 9,000 for the first time, S&P 500 reaches all-time high in year-end rallyStocks climbed Thursday, hitting record highs as the market rallied into the end of 2019.
Read more »
The Nasdaq soars past 9,000 for the first time ever, fueled by Amazon's holiday sales boomThe Nasdaq Composite index broke through the 9,000 level for the first time ever Thursday, driven higher by Amazon's 4% surge and broad year-end...
Read more »