At about 11:40 am, the Dow Indexes rose 0.30% to 27,866.20 points, the S&P 500 advanced 0.33% to 3,107.00 points, and Nasdaq gained 0.46% to 8,518, 06 points. . With the move, all three indexes renewed their raises overnight on Friday.
- Trade War: Understand the tensions between China and the United States and economic uncertainty
Within the S&P 500, all sectors increased, except utilities (reduced for water and gas), -0.3%, and major consumers (food, beverages and non-durables), down -0.1%. The index is withdrawn from healthcare, with a high of 0.60%, industry (+ 0.6%) and technology (+ 0.5%).
As the S&P 500 is now advancing 0.4% on the week, the index is moving to its sixth consecutive weekly gain, the largest sequence of weekly gains since the period ended Nov. 3, 2017, when it rose eight straight weeks, according to Data for the Week. the Dow onesons market.
Progress in negotiations
The search for risky assets, such as stocks and currencies, comes in the wake of comments by White House chief economic adviser Larry Kudlow, who highlighted progress in trade talks between the United States and China.
Expectations that a partial deal could be signed soon have come down in recent days, following reports suggesting hurdles between US and Chinese negotiators on agriculture. However, Kudlow's comments mitigate these problems.
In addition, the day has positive US data, especially in the area of consumption. Retail sales were up 0.3% in October, down 0.3% in September.