While you were sleeping: Record rally continues

Tue, 20 Dec 2016

By Margreet Dietz Dec. 21 (BusinessDesk) - Wall Street climbed to fresh records, amid the momentum of optimistic sentiment about the outlook for US economic growth and corporate profits. In 1.04pm trading in New York, the Dow Jones Industrial Average increased 0.4 percent, as did the Nasdaq Composite Index. In 12.49pm trading, the Standard & Poor’s 500 Index added 0.3 percent. The Dow touched a record-high 19,987.63 while the Nasdaq hit a record 5,489.47. In the Dow, advances in shares of Caterpillar and those of Nike recently tra...

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