U.S. Stocks Outpacing the Rest of the World
Posted on AllSides November 5th, 2019
From The Center
Steady consumer spending and strength in the labor market keep supporting U.S. stocks despite fears of a recession.
The Dow Jones Industrial Average climbed Monday to its first record since mid-July, the latest example of investors’ faith in the domestic economy powering U.S. stocks to fresh highs.
Buoyed by optimism about a U.S.-China trade accord and last week’s upbeat figures on third-quarter economic growth and October hiring, the blue-chip index climbed 0.4% to 27462.11. The rally brought its 2019 advance to 18% in what has been a banner year on...
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