Here’s Why The Stock Market Is About To Break Its Record High - News Summed Up

Here’s Why The Stock Market Is About To Break Its Record High


2019 has been a great year for investors so far, with the S&P 500 poised to break its record high. Drew Angerer/Getty ImagesTopline: The stock market rallied higher on Friday, as the S&P 500 crossed its record closing high during day trading thanks to renewed optimism over a trade deal with China and better-than-expected corporate earnings results so far this quarter. The S&P 500 has risen nearly 21% this year—now around 0.2% off its record close of 3,027.98, while the Dow Jones Industrial Average is up almost 15% in 2019. Last year, the stock market had its worst year since 2008, as several Federal Reserve rate hikes and continuous trade tensions weighed on the markets. Geopolitical and trade tensions have also been an ongoing source of anxiety for the markets, too.


Source: Forbes October 25, 2019 19:10 UTC



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