Up over 150 points as of 1 pm Eastern Time Friday, the Dow is looking to snap an eight-day losing streak precipitated by trade tensions between the United States and China. It’s also looking to avoid a nine-day losing streak not seen since 1978.
The S&P 500 is also up 0.42 percent with energy, materials and telecommunications in the forefront. Chevron and Verizon are leading the S&P rally with Chevron up 2.71% and Verizon up 2.46%.
Small cap stocks are also helping the overall health of the market with the Russell 2000 hitting highs this week in conjunction with tech as reflected by the NASDAQ Composite Index.