Apple, Alphabet and other tech favorites propelled Wall Street to record highs o...
), which have powered the longest bull run in U.S. equities, were among the top contributors to record high closes for the S&P 500 and Nasdaq.
Apple rose 2.14% to close at a record high. Also reaching a record high, Google-owner Alphabet Inc added 0.8%, bringing its market capitalization to $993 billion. An easing of Middle East tensions and the Phase 1 U.S.-China trade agreement, which is expected to be signed in Washington on Wednesday, have encouraged riskier bets over the last week.
“People are optimistic about earnings and they’re also relieved that the Iran situation last week didn’t end up being worse than it was, and people are happy that China and the U.S. are coming together to sign the Phase 1 trade deal. There’s a lot to be optimistic about,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
Bloomberg, citing sources, reported that the Trump administration planned to lift its designation of China as a currency manipulator, adding to the positive mood.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GM engineers charged with street racing Corvette test cars at more than 100 mphTwo General Motors engineers were arrested for racing the newest Chevy Corvette in Bowling Green, Kentucky — not far from the factory that builds the legendary sports cars. They were driving at speeds of 120 mph and 100 mph in a 45 mph zone.
Baca lebih lajut »
Off-duty Los Angeles officer killed while helping elderly woman cross the streetOff-duty LA sheriff's detective killed while helping elderly woman cross the street
Baca lebih lajut »
Tesla cracks $500 for the first time after the new most bullish analyst on Wall Street says the stock will surge 28% this year (TSLA) | Markets InsiderOn Monday, Colin Rusch of Oppenheimer raised his Tesla price target to $612 from $385. It's now the highest price target on Wall Street for the ...
Baca lebih lajut »
Cracks emerge in Trump's wall of GOP supportSome cracks emerged last week in the formerly solid wall of Republican support for President Donald Trump. They were small in number -- and dwarfed by the vast pro-Trump majority on the right. Whether they will matter in the long run is another question. But they were surprising nonetheless.
Baca lebih lajut »
ICYMI: Golden Globes Fashion, Spring 2020 Ad Campaigns and London Street StyleA must-read roundup of our most popular stories of the week. You're welcome.
Baca lebih lajut »