The Dow Keeps Soaring Because a Trade Deal and Easy Money Are a Powerful Combination
11:07 a.m. The Dow Jones Industrial Average is soaring Friday morning on reports that the U.S. and China might be nearing a trade deal. The Federal Reserve also confirmed that it is going to expand its balance sheet buy buying U.S. Treasury bills. The Dow has gained 419.69 points, or 1.6%, to 26,916.36, while the S&P 500 has risen 1.6% to 2985.69, and the Nasdaq Composite has climbed 1.8% to 8,096.32.
Published:10/11/2019 10:39:28 AM