Wall St. Gains

Credit: Wochit Business
Published on April 29, 2019 - Duration: 00:37s

Wall St. Gains

According to Reuters, U.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and a benign inflation data underscored the Federal Reserve’s dovish stance on interest rates.

Hopes of a trade resolution and upbeat earnings have been powering a rally in the benchmark index this year.

The index crossed its record high of 2,940.91 hit on Sept.

21 for the first time this year, restoring investors’ faith in the decade-long bull run.

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Wall St. Gains

JUNE 17 2015 FILE PHOTO a nov.

14, 2018, file photo AN APRIL 18, 2019, FILE PHOTO

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