Nasdaq crosses 9,000, Dow and S&P 500 notch new highs as year-end rally rolls on


Traders work on the floor at the New York Stock Exchange, November 4, 2019.

Brendan McDermid | Reuters

Stock futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end.

Futures on the Dow Jones Industrial Average rose about 36 points, implying a 31-point gain at the open. Futures on the S&P 500 and the Nasdaq Composite were also trading higher.

Stocks have been piling up record highs as the market wraps up 2019. The S&P 500 has risen 2.6% this month and 8.2% this quarter, bring the year-to-date gains to 28.6%. The benchmark has a chance at scoring a historic year: If it finishes the year up more than 29.6%, it would stand as the best annual performance in 22 years.

In a shortened Christmas Eve session on Tuesday, the S&P 500 finished flat and the Nasdaq Composite edged higher to another new record. The tech-heavy index also posted its ninth consecutive record close for the first time since 1998.

Products You May Like

Articles You May Like

Stein Mart files for bankruptcy and plans to close most, if not all, of its stores
Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings
Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases
Parents look to private schools for in-person instruction as school districts announce online starts
Elizabeth Holmes’ Theranos trial set to begin on March 9, 2021

Leave a Reply

Your email address will not be published. Required fields are marked *