Stocks on Track for Best Year Since 2013
Posted on AllSides December 30th, 2019
From The Center
U.S. stocks are poised for their best annual performance in six years, driven by the big technology companies that have led the decadelong bull market run.
An improving economic outlook, progress between the U.S. and China on trade negotiations and three interest-rate cuts by the Federal Reserve have boosted investors’ confidence that the expansion can continue.
With one full trading day left in 2019, the benchmark S&P 500 has surged 29%, while the tech-heavy Nasdaq Composite has risen 35%. Both indexes are set for their biggest gains since 2013 when...
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