Nasdaq 100, S&P 500 close at all-time highs

Friday, 26. July 2019 22:00

Equities on Wall Street finished the last trading session of the week positive as the Nasdaq 100 and the S&P 500 reached new all-time highs. United States President Donald Trump condemned the World Trade Organization for the way it defines developing countries. Additionally, Trump vowed to take retalitory measures against France for its new digital tax law. Larry Kudlow, White House economic advisor, stated the government will not intervene on the US dollar. Meanwhile, the Department of Justice approved the T-Mobile US Inc.-Sprint Corp merger.

The Dow Jones Industrial Average increased 0.19% at the closing bell as CocaCola Co. increased 2.07%. The Nasdaq 100 rose 1.10%, with Alphabet Inc. surging 10.45%. the S&P 500 grew 0.74%, as Universal Health Services Inc. 10.90%.

The euro was down 0.21% against the dollar at 3:59 pm ET to change hands for 1.11239, the pound dropped 0.55% to $1.23850.

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Breaking the News / MD