Headline Roundup November 5, 2019
Dow Climbs To Record High
Summary from the AllSides News Team
Featured Coverage of this Story
Wall Street Journal (News)
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...
All three of the major averages closed at record highs on Monday as renewed trade hopes and strong earnings propelled stocks higher.
The Dow Jones Industrial Average gained 114 points, or 0.42 percent, to book its first record close since July 23. The S&P 500 and Nasdaq finished in record territory for a second straight day.
President Trump celebrated the records in a tweet : Stock Market hits RECORD HIGH. Spend your money well!
The record-setting day came after the Chinese Foreign Ministry said Trump and Chinese President Xi Jinping...
The Washington Post
The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market’s rally carried into a fifth week.
Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It’s a notable shift in leadership following months of struggles for what Wall Street calls “cyclical” stocks, which lagged due to worries about trade wars and the slowing global economy.
Behind the resurgence for cyclicals are rising hopes that the United States and China...
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