US stocks end at records again, S&P 500 up 0.4%

US stocks end at records again, S&P 500 up 0.4%

The Straits Times - Business·2020-01-18 05:34

NEW YORK (AFP) - Wall Street stocks again finished at records on Friday (Jan 17), capping a positive week of trade-related news and mostly solid corporate earnings.

The Dow Jones Industrial Average ended up 0.2 per cent at 29,348.10.

The broad-based S&P 500 gained 0.4 per cent, closing at 3,329.62, while the tech-rich Nasdaq Composite Index advanced 0.3 per cent to 9,388.94.

Construction of new US housing shot to a 13-year high last month, according to Commerce Department data that added to positive investor sentiment following the US-China trade deal signed earlier in the week and a round of banking earnings that mostly topped expectations.

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