The Dow Jones Industrial Average just marked its flattest finish in half a decade, which pressured the blue-chip benchmark to narrowly miss its 10th document of 2019.
closed at exactly 27,691.49, which suggests the 123-year previous benchmark produced its flattest finish since April 24, 2014, in line with Dow Jones Market Data. The midland transfer for the fairness index came as the S&P 500 index
superior round 5 factors, a achieve of lower than zero.2%, to finish at three,091.84, close to its earlier all-time closing excessive of three,093.08 set on Nov. eight., and the Nasdaq Composite Index
added 22 factors, or zero.three%, to finish at eight,486.09, surpassing its earlier all-time shut.
Investors on Tuesday have been targeted on feedback from President Donald Trump, who stated a “significant phase one” commerce deal might occur quickly at a intently watched speech on the Economic Club of New York in Midtown Manhattan, however he did not ship any specifics on commerce developments between China and the U.S., which have been a key catalyst for markets these days.
Finishing a session nearly unchanged, because the Dow did on Tuesday, is a rarity in inventory gauges; the final time it occurred previous to 2014 was 12 years earlier than that date. The final time the index completed flat after a document shut was 1994, in accordance with Dow Jones Market Data.
According to Motley Fool, citing knowledge from Samuel H. Williamson and MeasuringWorth, flat finishes have been extra widespread for the Dow earlier than 2001, notably as a result of the New York Stock Exchange transformed to decimalization quote system that yr, permitting buyers to commerce in increments of pennies relatively than eighths or sixteenths of a greenback.