Skip to content
Subscriber Only

U.S. Stocks Reach Records, Bonds Fall on Trade: Markets Wrap

  • Kudlow comment on trade progress gives small support to shares
  • Dollar edges lower as retail sales beat, factory gauge misses
Bloomberg business news
Market Highs Continue, Still No 'Phase One' Trade Deal
Updated on

Stocks rose to all-time highs and Treasuries edged lower after an American official hinted that the U.S. and China are close to locking down a partial trade deal. The dollar declined.

The S&P 500 reached another record and gained for the sixth week in a row, the longest streak in two years, after White House economic adviser Larry Kudlow said late Thursday negotiations between the two countries were nearing the final stages. Both the Dow Jones Industrial Average, which past 28,000 for the first time, and the Nasdaq Composite also hit all-time highs.