ECM hopes rally holds for pre-blackout blocks

Sam Kerr

January 08, 2019 02:00 pm

January_2019_market_PA_230x150 — (190104) -- NEW YORK, Jan. 4, 2019 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, Jan. 4, 2019. U.S. stocks closed sharply higher on Friday, finishing the week on a high note, after tech stocks surged, job market retained strength and U.S. Federal Reserve chair hinted at slower monetary tightening. The Dow Jones Industrial Average closed 746.94 points, or 3.29 percent, dramatically higher to 23,433.16. The S&P 500 jumped up 84.05 points, or 3.43 percent, to 2,531.94. The Nasdaq Composite Index surged 275.35 points, or 4.26 percent to 6,738.86. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

A benign start to the year for major equity indices could be just the comfort blocks bankers need to price deals before corporate blackouts begin.

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Sam Kerr