US stocks opened the week with gains; confidence is the key

Wall Street opened the week with significant gains as investors and traders digested concerns about the trade war between China and the United States while they cheered the stocks rally itself. The bull market counts 3,453 days this Wednesday, it would be the most extended bull market in history.

The bull market is ready to become the longest in history. After barring a 20% decline between now and then, the S&P 500 has surged more than 300% since March 2009.

On Monday, the S&P 500 advanced 0.2%, or 6.92 points, to close at 2,857.05, just 0.6% below its all-time record reached on January. The Dow Jones Industrial Average added 89.37 points, or 0.35%, to finish the day at 25,758.69.

SP 500 Daily chart August 20

SP 500 Daily chart August 20

The Nasdaq Composite was almost flat on the day as the index closed 0.1% positive at 7,821.01.

Big winners of the day were Nike, which shares rose 3.1% following a Piper Jaffray upgraded it to overweight from neutral, and it raised its price target to $93 from $72 a share. Netflix also rallied 3.5% as the company reported it was testing ads on its platform.

In Europe, stocks also posted gains with the DAX adding 120.75 points or 0.99% to finish the day at 12,331.30. The FTSE closed the day at 7,59.26 after adding 32.67 points or 0.43% on the session.

The CAC advanced 34.72 points or 0.65% to 5,379.65, and the STOXX600 finished at 383.23 following a 0.57% advance that pushed the index 2.17 points up.

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