Stocks inched up Friday as American and Chinese negotiators ended a productive round of trade talks; topping 26,000 for the first time since November of last year and finishing a nine-week “winning streak.”
“The Dow Jones Industrial Average gained 97 points as Intel outperformed. The 30-stock index briefly broke above 26,000 for the first time since Nov. 9 and was on pace to post its ninth consecutive weekly gain. The Nasdaq Composite advanced 0.5 percent as shares of Facebook, Amazon, Netflix and Alphabet all traded higher; it was also on track to notch its ninth straight weekly gain,” reports CNBC.
“It’s pretty extraordinary the amount of gain that we’ve had,” said one trading expert. “I really wish I could pick a sector that had defensive qualities right now, but everything has gone up so dramatically that when the pullback comes, it will probably be widespread.”
Read the full report at CNBC.