Reuters, NEW YORKUS stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth. For the week, the Dow rose 1.44 percent, the S&P 500 climbed 1.47 percent and the NASDAQ rose 1.74 percent. About 76 percent of the 356 S&P 500 companies that have reported so far have beaten profit estimates, according to Refinitiv data. The energy sector gained 2.5 percent as the best-performing S&P sector, and oil prices jumped on trade deal progress. The S&P 500 posted 44 new 52-week highs and two new lows; the NASDAQ Composite recorded 113 new highs and 39 new lows.

Source: Taipei Times November 02, 2019 16:03 UTC