|Day's Range||7,479.01 - 7,526.78|
|52 Week Range||6,190.17 - 8,133.30|
U.S. equities pared gains following comments from President Donald Trump that chipped away at confidence for a timely resolution to U.S.-China trade tensions.
U.S. stocks fell as new economic data pointed to weakness in the manufacturing sector and softening labor market trends. Earlier reports of progress toward tangible commitments for a trade deal between the U.S. and China failed to provide a lasting boost to stocks.
U.S. stocks were higher in afternoon trading on Friday but pared gains after U.S. officials said the United States and China still have issues to resolve in their ongoing trade talks. People briefed on the talks said more time is likely needed in the talks given China's resistance this week to U.S. demands for specific steps by Beijing to end forced transfers of U.S. technology and certain other policies. Signs of progress in the ongoing trade talks between the two countries supported the market for much of the session, leaving the Dow and Nasdaq on course to post a ninth straight week of gains.
The Latest Buzz from Apple and NetflixWeakening economic data points weighed on markets The Nasdaq Composite Index (QQQ) fell 0.39% on Thursday, February 21, after eight consecutive sessions of positive gains. The tech index closed the session at
U.S. stocks were higher in afternoon trading on Friday but pared gains after U.S. officials said the United States and China still have issues to resolve in their ongoing trade talks. Signs of progress in the ongoing trade talks between the two countries supported the market for much of the session, leaving the Dow and Nasdaq on course to post a ninth straight week of gains. Hopes of a trade deal as well as dovish signals from the Federal Reserve largely have driven recent gains in stocks, with the S&P 500 now up nearly 19 percent from its late-December low.
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U.S. stocks retreated from the highest levels of Friday as headlines from wire services of President Donald Trump's Oval Office comments suggest doubt on progress on U.S.-China trade talks. In a letter written by Xi Jinping and read out by Trump, the Chinese leader said he hopes the two sides "redouble efforts to meet half way." Trump meanwhile said perhaps he and Xi will work out the final points or perhaps not. U.S. Trade Representative Robert Lighthizer said a few "very big" hurdles remain. The Chinese delegation will stay two additional days, Treasury Secretary Steven Mnuchin said.
Technology and health care companies led U.S. stocks higher in afternoon trading Friday, erasing some of the market's losses from a day earlier and placing the benchmark S&P 500 on track for its fourth straight weekly gain.