The US Stock Market continued its unprecedented rally into the New Year Thursday; jumping more than 200 points in early day trading as key economic indicators showed no signs of slowing down.
“Stocks rose to all-time highs on Thursday as the strong rally in 2019 was set to continue in the first trading day of the new year,” reports CNBC. The Dow Jones Industrial Average advanced 200 points, or 0.7%. The S&P 500 traded 0.6% higher while the Nasdaq Composite gained 0.9%.”
“We’re starting the year off on the sunny side,” said Peter Cardillo, chief market economist at Spartan Capital Securities. “Besides the geopolitical tensions, the focus remains on the macro news which has been consistent and points to growth ahead.”