Wall Street at record highs as year-end rally continues
U.S. stock indexes rose slightly on Friday, continuing a year-end record rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.
U.S. stock indexes rose slightly on Friday, continuing a year-end record rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.
Oil prices rose on Friday to three-month highs after data showed U.S. crude inventories declined much more than expected and upbeat economic data and optimism over a U.S.-China trade deal improved investor sentiment.
With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday in its quarterly energy survey.
The S&P 500 and the Dow inched to fresh record highs on Friday, as hopes of an imminent U.S.-China trade deal and an improving global economy continued to fuel a year-end rally.
Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.
Facebook's Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.
Roth accounts may make sense for a larger number of Americans due to low historical income-tax rates and the U.S. budget deficit, which some experts believe will necessitate the government raising tax rates in the future.
The S&P 500 and the Dow industrials edged higher to fresh records on Friday, as a year-end rally fueled by optimism over an initial U.S.-China trade deal chugged along.
Strategists expect Wall Street's bull market to continue in 2020 as long as it appears President Donald Trump will be reelected.
The strong year for the U.S. stock market did not follow traditional patterns.
Wall Street analysts named their top picks for 2020.
Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.
The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along.
World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent, but the year-end rally ebbed on Wall Street and the dollar eased as risk appetite grew.
Amazon.com Inc and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras' defective design leaves purchasers vulnerable to cyberattacks.