Market Roundup: Major Indices Post Gains for Week on Trade Talk Optimism

Published: Feb. 18, 2019, 2:55 p.m.

The major indices started the week with mixed results as the Dow Jones Industrial Average shed some points while the S&P 500 Index and NASDAQ Composite closed in the green zone. Healthcare sector stocks led decliners on the Dow. Gains were present across the board on Tuesday as Materials, Consumer Discretionary, and Financials sectors led the ascent. Investors likely had optimism for a United States-China trade deal. Stocks continued to climb on Wednesday on a variety of economic data. The Consumer Price Index was unchanged for January, versus an expected 0.1% increase; however, core CPI, which excludes food and energy, rose 0.2% last month. Thursday’s results were mixed again, this time with both the Dow and S&P 500 shedding some points while the NASDAQ posted fractional gains. Moves were mixed on a variety of economic news, including a decrease in Retail Sales in December. Commerce Department data showed sales fell 1.2% versus expectations of a 0.2% gain. Stocks stepped up Friday to close in the green zone on news that the United States and China trade talks will resume next week in Washington.