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Wall street indices touch fresh highs on trade talks hopes, earnings

Wall Street's main indexes have been powered recently by hopes of a trade deal, largely better-than-expected third-quarter earnings and a third interest rate cut by the Federal Reserve

Wall Streets | Wall Street rises


Wall Street's main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials boosted risk appetite. Shares in Applied Materials Inc jumped 9.3% and pushed the Philadelphia Semiconductor index  to an all-time high after the chip gear maker forecast first-quarter results above estimates. Nine of the 11 major S&P 500 sectors were higher. Healthcare shares gained 1.3% and provided the biggest boost followed by the trade-sensitive technology sector, which rose ...

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First Published: Fri, November 15 2019. 23:25 IST