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Home / Business / Dow is going to rise in eight straight days, approaching the record

Dow is going to rise in eight straight days, approaching the record



U.S. Stock prices futures were a little higher Friday amid the sentiment of US-China trade relations, with the Dow Jones Industrial Average and the S&P 500 on the brink of recording record highs at all times.

Around 07 ET, Dow futures rose 121 points, indicating a 128-point gain in the open. The S&P 500 and Nasdaq 100 futures also pointed to solid gains.

Trade watchmakers Caterpillar and Boeing rose 0.6% and 0.9% respectively in the premarket. Chipmakers Applied Materials and NXP Semiconductors both increased by at least 1%.

Dow – running on a seven-day winning streak ̵

1; is looking to surpass an intraday record high of 27,398.68, while the S&P 500 finishes off its previous record of 3,027.98 points. Each index completed the previous session just slightly higher, short of their respective records.

The market focus is largely aligned with global trade developments, as the world's two largest economies continued to prepare for talks in early October aimed at breaking their trade war massage.

The New York Times reported on Friday that China will exempt some US agricultural products, including soybeans and pork, from additional tariffs.

On Thursday, the United States welcomed China's renewed purchase of US farm goods, with President Donald Trump saying that Beijing was expected to buy "large quantities" of agricultural products. His comments came after his decision to postpone rising US $ 250 billion customs duties from October 1 to October 15 as a "gesture of goodwill" to China.

The United States and China have introduced billions of dollars worth of dollars worth of each other's goods since the beginning of 2018, wiping financial markets and supply of business and consumer sentiment.

On the data front, August retail sales and August import prices will be released around 08 : 30 ET Consumer sentiment for September and business inventories for July will follow a little later in the session.


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