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Showing posts from February, 2019

February 23, 2019 – Weekend Market Comment

February 23, 2019 – Dow hits a 9th-straight weekly gain, retakes 26,000. Stocks rose on Friday as another round of trade talks between the U.S. and China wrapped up with investors increasingly more hopeful a deal will be struck.

The Dow Jones Industrial Average gained 181.18 points to  26,031.81 as Intel outperformed. The 30-stock index also broke above 26,000 for the first time since early November and posted its ninth consecutive weekly gain, its longest streak since May 1995. The NASDAQ Composite advanced 0.9 percent to 7,527.54 as shares of Facebook, Amazon, Netflix and Alphabet all closed higher. The tech-heavy NASDAQ also notched its ninth straight weekly gain, its longest streak since May 2009.

The small-caps Russell 2000 gained 0.9 percent to close at 1,590.06 and recorded its longest weekly winning streak since 1996.The S&P 500 climbed 0.6 percent to 2,792.67, led by gains in the tech sector.





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