Wall Street advances on trade hopes, tame inflation data
All three major US stock indexes gained ground, with the S&P 500 and the Nasdaq posting their fourth consecutive advances. For the second straight day, the S&P 500 closed above its 200-day moving average, a key technical level.
Stocks briefly pared gains following a late-morning tweet by US Senator Marco Rubio saying he would introduce a bill to "tax corporate buybacks the same way as dividends."
Fourth-quarter earnings season is approaching the finish line, with more than two-thirds of the S&P 500 having reported.
Published Date: Feb 14th, 2019 06:25 AM | Updated Date: Feb 14, 2019 06:25 AM IST
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