Another day of risk-on trading launched the Dow Jones higher on Thursday, as the US and China finally have a date to renew trade talks.
Market bulls are betting that we have seen the worst of the trade war and are enjoying the resiliency of the US economy.
Dow Roars Higher After Sturdy Jobs Data
Heading toward the closing bell, the Dow Jones Industrial Average had bounced by 405.30 points or 1.54%. The stock market’s bellwether index now sits at 26,760.77.
The S&P 500 rose 1.37% alongside the Dow. The large-cap index has now rallied for five of the last six sessions, putting it on the precipice of all-time highs again.
Jobs numbers were encouraging, with the non-manufacturing sectors continuing to look robust.
Really Good Jobs Numbers!
— Donald J. Trump (@realDonaldTrump) September 5, 2019
The oil price gave an additional boost to sentiment in the US, as crude inventories…
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Author: Francois Aure