BUSINESS US stocks climbs on encouraging economic report

BUSINESS

US stocks climbs on encouraging economic report

agencies

05:02, January 08, 2019

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The US stock market opens at 9:30 a.m. EST on Monday, Jan. 7. (Photo: AP)

US stocks are rising again Monday as retailers and smaller companies rally after a report showed strong orders last month for service-sector companies, where most Americans work, according to Idaho Statesman.

The S&P 500 index added 19 points, or 0.8 percent, to 2,550 as of 2:45 p.m. Eastern time. The Dow Jones Industrial Average climbed 106 points, or 0.5 percent, to 23,540. The Nasdaq gained 75 points, or 1.1 percent, to 6,813. The Russell 2000 index jumped 21 points, or 1.5 percent, to 1,402, Idaho Statesman reported. 

The S&P 500 is on track for its highest close in more than three weeks. It has climbed 9.5 percent since Dec. 24, but is still 13 percent below its record high from late September.



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