US Market ends at new records

The US stock market finished session at fresh record highs on Friday, 27 December 2019, as hopes of an imminent trade truce between the world's two largest economies and an improving global economy continued to fuel investors risk sentiments. At closing bell, the Dow Jones Industrial Average rose 23.86 points or 0.08% to 28,645.26 and the S&P 500 index gained 0.11 point, or 0.00%, to 3,240.02, while the Nasdaq Composite index fell 15.77 points, or 0.17%, to 9,006.62.

Investors sentiments got a boot on optimism that a Phase 1 U.S.-Sino trade pact will spur global growth and as major central banks inject liquidity into the market.

Signaling resilience in the global economy, data showed China's industrial profits grew at the fastest pace in eight months in November. Profits at Chinese industrial firms grew at the fastest pace in eight months in November, rising 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion).

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