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The Dow Jones Industrial Average .DJI rose 260.37 points, or 1.14 percent, to 23,138.82, the S&P 500 .SPX gained 21.13 points, or 0.86 percent, to 2,488.83 and the Nasdaq Composite .IXIC added 25.14 points, or 0.38 percent, to 6,579.49 gold lion cufflinks. All 11 major S&P 500 sectors finished in positive territory, with materials .SPLRCM as the biggest percentage gainers. Investors also said the steep pullback in recent months, which has seen the Nasdaq confirm a bear market and the S&P 500 come within a whisker of doing so, may have created some bargains that are attracting buyers..
“Certainly there are folks that do recognize an opportunity, they stepped in, but then other people see it as a selling opportunity so that is kind of the back and forth,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. Trade tensions between the United States and China, an expected slowdown in U.S. corporate profit growth and the general health of the economy remain concerns for investors heading into 2019. A measure of U.S gold lion cufflinks. consumer confidence posted its sharpest decline in more than three years in December, deflating some optimism a day after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy..
“The consumer has been a big support for this economy and if all of a sudden the consumer starts to get a little bit anxious and spending slows down, that’s going to have an impact,” said David Joy, chief market strategist at Ameriprise Financial in Boston gold lion cufflinks. About 9 billion shares changed hands in U.S. exchanges, just below the 9.2 billion daily average over the last 20 sessions. Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers..
NEW YORK (Reuters) – A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day gold lion cufflinks. For the second consecutive session, early weakness in markets turned to strength by the time U.S. stocks closed as investors shuffled their portfolios. “We had a very wild ride today,” said David Kelly, chief global strategist for JP Morgan Chase & Co’s asset management unit, on a conference call. “It really is not about fundamentals. There is nothing in the fundamental picture of the U.S. economy that would justify the kind of moves that we’ve seen.”..
A report early in the day showed the number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength gold lion cufflinks. But other news was dismal, including the Conference Board’s consumer confidence index dropping to a five-month low in December and earnings at China’s industrial firms falling in November for the first time in nearly three years. Meanwhile, there is no end in sight to the U.S.-China trade war or the partial shutdown of the U.S. government..