(November 22) The US stock rally evident on Monday continued on Tuesday with the Dow Jones briefly breaking through the 19,000 level for the first time in history.
|On Monday all four major US stock indices closed at record highs. The prices of energy stocks rose as investors see OPEC countries finalizing a deal to cut oil production a move that will help support oil prices. The Standard & Poor 500 closed at a record high of 2198.18 rising 16.28 points. The Nasdaq rose 0.9 percent or 47.35 points to close at the all-time high of 5368.86. The Russell 2000 rose half a percentage point or 6.59 points to 1322.23. The Dow Jones Industrial average also gained a half percentage point or 88.76 percent to a record close of 18,956. This is the first time that all four indices set a record in one day since way back on December 31st 1999 according to Ryan Derrick who is the senior market strategist for LPL Financial.|