Stocks edge higher as Trump administration officials play down talk of ban on China investments
Monday, 30 September 2019 23:29 WIB | MARKET UPDATE | Standard & Poor's 500Saham AS
Stocks moved higher during the final trading session of the month and quarter, after Trump administration officials played down or disputed reports Washington was weighing plans to impede U.S. investments in Chinese companies, momentarily calming a fear that buckled equities on Friday.
Market participants, however, were also keeping an eye on developments surrounding a House impeachment inquiry against President Donald Trump.
The Dow Jones Industrial Average rose 130 points, or 0.5%, to 26,953, while the S&P 500 index advanced 16 points, or 0.5%, to 2,977. The Nasdaq Composite Index gained 40 points to reach 7,980, a gain of 0.5%.
On Friday, the Dow lost 70.87 points or 0.3%, to finish at 26,820.25, while the S&P 500 index lost 15.83 points, or 0.5%, to close at 2,961.79. The Nasdaq Composite Index gave up 91.03 points, or 1.1%, ending at 7,939.63.
For the month of September, the Dow is on pace to rise 2.1%, the S&P 1.7% and the Nasdaq is set to add 0.2%.