News Item—November 4, 2019
Fresh optimism over trade drove U.S. stocks to records Monday, extending the market’s recent rally.
Major indexes have managed to break out to all-time highs in the past few days after spending much of the late summer and early fall drifting along in a narrow range.
While a trade deal between the U.S. and China would likely offer greater benefits for export-oriented countries in Europe and Asia, analysts say hopes for a tariff cease-fire continue to boost the appeal of the world’s largest economy. Growth may be slowing, but the 10-year old expansion continues, making shares of U.S.-based companies more attractive to those in other developed countries with stagnant growth prospects.