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Dow within striking distance of the 20,000 mark

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December 20, 2016

U.S. equities traded higher on Tuesday as investors remained unfazed by geopolitical tensions, while the Dow Jones industrial average kept marching toward 20,000.

The blue-chips index was 0.59 percent away from reaching the milestone mark, entering Tuesday trading. In midmorning trade ET, it rose about 90 points, hitting a new intraday high, with Goldman Sachscontributing the most gains. The S&P 500 rose 0.33 percent, with financials and telecommunications leading advancers. The Nasdaq composite advanced 0.4 percent, also reaching a new all-time high.

On Monday, the Russian ambassador to Turkey died after being shot by a gunman at an art gallery in the Turkish capital. Meanwhile, in Berlin, a truck ploughed into a crowded Christmas market, killing 12 and injuring 48.

European equities traded mostly higher Tuesday, as the pan-European Stoxx 600 index rose around 0.4 percent. “If the pattern is something we’ve seen before, the market is going to look right through it,” said Quincy Krosby, market strategist at Prudential Financial.

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This article was posted: Tuesday, December 20, 2016 at 10:43 am

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