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S&P 500 Records Seventh Straight Gain, Longest Winning Streak in 18 Months
Saturday, 6 April 2019 03:19 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stocks ended higher on Friday, extending their weekly gains, amid a combination of trade hopes and a bounceback in March's payrolls numbers.

The S&P 500 rose around 0.5% to end near 2,893. The Dow Jones Industrial Average picked up 40 points, or more than 0.1%, to finish around 26,425, based on preliminary numbers. The Nasdaq Composite was up 0.6% to end around 7,939. The broad-market S&P logged its seventh session of gains, its longest such streak since Oct. 2017. The Bureau of Labor Statistics said the U.S. economy added 196,000 jobs in March, above analysts' expectations. And stirring optimism on the trade front, Xinhua News Agency reported China President Xi Jinping had written to President Donald Trump calling for the U.S. to finish negotiations to end their trade dispute soon. In company news, shares of Intel Corp. fell 0.8% after a Wells Fargo analyst trimmed the semiconductor chip manufacturer's rating to market perform from outperform.

Source : Marketwatch

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