S&P, Nasdaq Hit Record on Gains in Tech, Financials

S&P, Nasdaq Hit Record on Gains in Tech, Financials

The Standard & Poor's 500 index and Nasdaq Composite Index reached new peaks, as well.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The strong gains extend the Dow's streak of winning quarters to eight.

Trump, who claimed as a candidate that the market was in a "big, fat, ugly bubble", brags about it now that he's in charge.

Financial stocks rose, with the SPDR S&P Bank ETF (KBE) posting its first 10-day win streak on record.

E-mini S&P 500 Index
Daily December E-mini S&P 500 Index

US stock index futures were set to open little changed Friday, the last trading day of a solid third quarter of gains for stocks.

For Q3, the Dow climbed 4.8% and the S&P advanced 4% in their eighth straight quarterly gains, while the Nasdaq rallied 5.8% in its fifth straight quarterly rise.

The Dow Jones Industrial Average closed with modest gains, up zero.2 percent at 22,381.2, pushed up by McDonald's, whose shares rose sharply.

Another report showed the Chicago purchasing management index, which gauges factory activity, came in better than expected for September. The sector was up 0.34 percent.

Meat processor Tyson Foods (TSN.N) jumped 7.61 percent after the company raised its full-year profit forecast. The Nasdaq rose 1.1%.




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