Nasdaq crossez the 9,000 point mark for the first time, boosted by optimism over US - China trade relations and gains in Amazon shares
The Amazon logo and stock price information is seen on screens at the Nasdaq Market Site in New York City, US, September 4, 2018
Cooling US - China trade tensions have fueled the latest leg of Wall Street's record-setting rally. With just days to go until the year-end, the benchmark S&P 500 is up 29 percent so far in 2019, which would be its biggest annual percentage gain since 2013. "The important part is that the online sales were much stronger than expected. The brick-and-mortar were less than expected, so the online sales, and principally Amazon, saved the day," said John Conlon, director, equity strategy at People's United Advisors.
A 0.9 percent decline in shares of Boeing Co, which has been dealing with the fallout from the grounding of its 737 MAX jet, weighed particularly on the Dow.
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