Morning Report 4 March 19 : US stocks advance despite soft economic news

 

US sharemarkets rose on Friday. Bloomberg reported that a USChina summit on trade could happen by mid-March. Economic data was mixed but inflation was retrained. The Dow Jones index rose by 110 points or 0.4%. The S&P500 index was higher by 0.7%. And the Nasdaq index was up by 63 points or 0.8%. Over the week the Dow fell 0.02% but the S&P 500 rose by 0.4% and the Nasdaq rose by 0.9%. The Nasdaq has risen for 10 straight weeks, the longest winning streak since 1999.

 

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