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Rivkin: Wall Street resets records as trade deal drives market optimism | Fintech InShorts: Latest fintech news, analysis by experts

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Rivkin: Wall Street resets records as trade deal drives market optimism

By Laura M

December 27, 2019

Rivkin: Wall Street resets records as trade deal drives market optimism

Signs that the US job market is continuing to improve provided additional support to markets
All major US markets closed in positive territory and touched on fresh record highs as optimism
A strong report from Amazon.com Inc. (AMZN) helped the S&P500 to hit a record high and the NASDAQ
Shares of the retail giant rose 4.45% after Mastercard’s report showed US shoppers spent more online during the holiday shopping season
Lower-than-usual trading volumes seemed to work in favour of the market and allow for a relatively slow
The typical advance that occurs in the last few days of the year, as a result of funds adjusting year-end positions, occurred with little volatility

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