The S&P 500 rose 1.7 percent between Friday, November 27, and Friday, December 4. It was the index’s fourth gain in the last five weeks. Other key benchmarks including the Dow Jones Industrial Average, Nasdaq-100, Russell 2000 and Dow Jones Transportation Average also closed at record highs.
Dropbox Inc. is a San Francisco-based cloud storage company which listed on the NASDAQ on the 23rd of March 2018, a Friday ending the S&P 500’s worst week in more than two years amid talks of a global trade war and interest rate rises. Despite this, Dropbox saw gains of 35% on its first day with a valuation of over $US11bn.