- Title: Financials, energy push S&P 500 forward
- Date: 5th November 2018
- Summary: NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 5, 2018) (REUTERS) (SOUNDBITE) (English) HENNION & WALSH CHIEF INVESTMENT OFFICER, KEVIN MAHN, SAYING: "We have to remember there are pretty strong tailwinds right now that should support higher stock prices. One, we've seen corporate earnings grow now for three consecutive quarters of 20 percent plus year-over-year growth rates. Two, we see a very low unemployment rate, moderately rising wages, and of course, GDP is growing at 3-and-a-half percent for two consecutive quarters."
- Embargoed: 19th November 2018 21:20
- Keywords: Wall Street Dow Nasdaq S&P 500 financial energy congressional elections
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002958C1VX
- Aspect Ratio: 16:9
- Story Text: The S&P 500 rose on Monday (November 5), with the biggest boosts coming from the financial, energy and defensive sectors as investors showed caution on the eve of U.S. congressional elections.
The Dow Jones Industrial Average rose 191.07 points, or 0.76 percent, to 25,461.9, and the S&P 500 gained 15.26 points, or 0.56 percent, to 2,738.32 but the Nasdaq Composite dropped 28.14 points, or 0.38 percent, to 7,328.85. - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2018. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None
