Stocks saw record levels on Friday to close a week of strong\ngains as geopolitical risks receded near the end of 2019. The Dow Jones rose\n125 points, while the S&P 500 rose 0.5 percent and the Nasdaq rose 0.4\npercent.<\/p>\n\n\n\n
Carnival shares led the Standard & Poor’s 500 Index\nhigher, rising more than 8 per cent, to strong quarterly results. Merck and\nVerizon stocks rose more than 1 percent to push the Dow to record levels. At\nthe start of Friday’s session, the Standard & Poor’s 500 Index rose 1.2 per\ncent for the fourth week and headed for new weekly gains. The Dow Jones and\nNasdaq rose 0.9 percent and 1.7 percent, respectively, for weekly gains.<\/p>\n\n\n\n
“You\u2019re seeing the geopolitical risk that was in the\nmarket seep out now,\u201d. You had the Fed backstopping risk throughout the year\nbut you had those geopolitical worries. Now, they\u2019re abating and the market is\nmoving higher” said Brent Schutte, chief investment strategist for the\nNorthwest Mutual Wealth Management.<\/p>\n\n\n\n
US President Donald Trump and Chinese officials said last\nweek that the two countries agreed on the so-called first-stage trade deal that\nwill be signed next month. Treasury Secretary Stephen Manuchin said on Thursday\nhe has no doubt that trade negotiators representing the United States and China\nwill sign the so-called “first stage” trade deal in early January.<\/p>\n\n\n\n
Trade fears kept investors on guard for most of 2019,\nsparking concern about the state of the global economy and maintaining\ncorporate earnings expectations. Despite this tension, Wall Street is making\nstrides to achieve a remarkable annual performance.<\/p>\n\n\n\n
The Standard & Poor’s 500 Index has risen by nearly 28\npercent so far with less than 10 trading days remaining in 2019. This will be\nthe best performance of the index for one year since 2013 as it increased by\n29.6 percent.<\/p>\n\n\n\n
Stocks tend to bear this strong momentum the following year,\nas data compiled by Nordea Research shows that the S&P 500 recorded\npositive returns in the year after rising more than 25 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stocks saw record levels on Friday to close a week of strong gains as geopolitical risks receded near the end of 2019. The Dow Jones rose 125 points, while the S&P 500 rose 0.5 percent […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63,3,4],"tags":[93,74,66,79,36,34,145,114,127,48,24,78,131,44,43,10,58,57,70,47,86,31,18,80,23,46,109,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1530"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1530"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1530\/revisions"}],"predecessor-version":[{"id":1532,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1530\/revisions\/1532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1531"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}