Dow jumps 400 points on trade hopes, heads for 8th straight weekly gain [CNBC]
Morgan Stanley (MS)
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Source: CNBC
Dow jumps 400 points on trade hopes, heads for 8th straight weekly gain show chapters 'We’re in for some rough sledding'—Watch five Wall Street experts explain where stocks are headed 12:18 PM ET Thu, 14 Feb 2019 | 04:26 Stocks surged on Friday amid increasing hopes for a U.S.-China trade deal as equities were on pace to post another solid weekly gain. The Dow Jones Industrial Average S&P 500 Nasdaq Composite Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 1.8 percent to $55.42 per barrel. Bank stocks also rose broadly. The SPDR S&P Bank ETF (KBE) climbed 2 percent. Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citigroup and Bank of America advanced more than 2 percent each. The 30-stock Dow and Nasdaq were both on pace to post their eight consecutive weekly gain. The S&P 500, meanwhile, was on track for its seventh weekly gain in eight. The indexes were all up more than 1 percent entering Friday's session. "The market is just getting ration
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