Markets Right Now: Stocks waver; market nears bull record

Markets Right Now: Stocks waver; market nears bull record

US stock indexes rose on Tuesday, with the S&P closing in on its all-time high, helped by some encouraging earnings reports and optimism that planned trade talks between the United States and China would help resolve their trade spat.

The index has been on a tear for 3,452 days or more than nine years, and, on Wednesday, will mark the longest bull run in history. The Standard & Poor's 500 index ended down 1.1 points at 2,861.82.

US central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households. Today, the S&P 500 is at around 2,830, a 323 percent increase.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2016.

Strong corporate earnings growth and a resilient US economy bolstered by a solid job market and consumer confidence set the stage for the market to continue the upward trajectory it's been on for more than nine years, experts say. However, that index slipped back slightly before the markets closed.

Analysts have recently pointed to a variety of potential threats to the current bull market, including a global economic slowdown prompted by the myriad Trump-triggered trade conflicts. The Dow Jones Industrial Average has appreciated about 300 percent.

Serena Williams Is the Highest-Paid Female Athlete of 2018
However, an incredible $18 million in endorsements, almost twice as much as any other female athlete, kept her in the lead. Men's defending champion Rafael Nadal has avoided the possibility of facing in form Novak Djokovic before the final.

Energy stocks.SPNY rose 1.2 percent as oil prices jumped, while retailers gained after Target Corp (TGT.N) and Lowe's Companies Inc (LOW.N) announced quarterly results.

The Dow Jones Industrial Average rose 63.6 points, or 0.25 per cent, to 25,822.29, the S&P 500 gained 5.91 points, or 0.21 per cent, to 2,862.96 and the Nasdaq Composite added 38.17 points, or 0.49 per cent, to 7,859.17.

The Federal Open Market Committee released its meeting minutes with little directional change in the monetary policy outlook as the economy appears likely to call for continued rate increases. For the year, it's now up 7 percent. Shares of its industry peers PulteGroup PHM.N , Lennar LEN.N and D.R. Horton DHI.N also rose between 4 percent and 6 percent.

The index only crossed the threshold on an intraday basis on Tuesday, when it briefly hit 2,873.23.

US crude oil rose again and is up 5.9 per cent this week.

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