NEW YORK: Wall Street stocks pushed higher early Thursday as a pullback in the dollar boosted shares of exporters in the second to last trading session of the year.
US stocks were on track to post gains for the second straight day as the dollar retreated to its lowest point against the euro since late September.
About 20 minutes into trading, the Dow Jones Industrial Average stood at 24,802.14, up 0.1 percent.
The broad-based S&P 500 rose a hair to 2,683.04, while the tech-rich Nasdaq Composite Index advanced 0.1 percent to 6,945.72.
With many traders on holiday, the week between Christmas and New Year’s is traditionally a sleepy time for markets, among the least traded period of the year.
US stocks have had a banner year in 2017, boosted by an improving labor market, anticipation of the massive US tax cut plan that was signed into law last week by President Donald Trump, and improving economic conditions in other key regions.
The S&P 500 has risen about 20 percent this year in all. Some analysts think the US tax plan should push the market even higher in 2018, while others expect an uptick in volatility after a relatively placid 2017.
Source: Brecorder.com
