Trade Pact Hopes Send US Stocks To New Highs
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2019-11-16 HKT 05:34
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US equity markets closed at all-time highs after US officials said they were making progress in the latest push for a trade agreement with China.
Technology stocks were the biggest winners on Friday. Applied Materials jumped 9 percent after reporting strong results.
Health insurers rose after the Trump administration announced a rule forcing hospitals to make public the rates they negotiate with insurers for their services.
Restoration Hardware and Occidental Petroleum rose after Warren Buffett's Berkshire Hathaway disclosed that it had picked up shares in both companies.
The S&P 500 rose 0.8 percent to 3,120.
The Dow Jones Industrial Average added 0.8 percent to 28,004. The Nasdaq rose 0.7 percent to 8,540. (AP)
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