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Stocks Breeze to Records as Trade Hopes Cover Up Economic Gloom

  • Trump adviser says U.S.-China negotiations are at final stages
  • Earnings end with little damage; Fed sees ‘star’ economy
RF markets green

Source: Getty Images

U.S. stocks rose for a sixth straight week as optimism that the Trump administration will clinch a partial trade deal with China diverted attention from evidence that economies are struggling at home and abroad.

The S&P 500 climbed 0.9% in the five days to close above 3,100, and the Dow Jones Industrial Average pushed past 28,000 for the first time. Six weeks of gains mark the longest rally in two years. The Cboe Volatility Index dipped below 12 and ended near the lowest since July.