EDITOR'S NOTE
President Donald Trump's economic advisor, Larry Kudlow, said a U.S.-China trade deal is "getting close" and the stock market rallied to new highs on Friday.
The Dow Jones Industrial Average ended the week with a late surge to the 28,000 mark. The S&P 500 and Nasdaq indexes also set records.
The Trump administration has signaled progress several times before, only to be contradicted by reports from China some time later. Investors, however, bite on this news every time, writes CNBC's Yun Li, with some of the buying driven by trading algorithms.
Supporting the market's resilience has been a rotation into value stocks. In front of this trend is none other than Warren Buffett. His Berkshire Hathaway took some losses on these names last year, but now the investments are turning around nicely, writes CNBC's Tom Franck.
The stock market's new highs come even as the economy continues to slow. CNBC's Jeff Cox writes that growth in the nation's gross domestic product appears to have slowed to tiny decimal points.
GDP growth in the fourth quarter is likely to come in at just 0.3%, according to the Atlanta Fed's GDPNow. The New York Fed's GDP Nowcast pegs it at 0.4%.
If these numbers hold, they represent a big drop from 1.9% in the third quarter and 2% in the second quarter - but at least for now, the stock market keeps marching higher.
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Jumat, 15 November 2019
Dow reaches 28,000 | Buffett heats up | Economic slowdown?
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