|Day's Range||22,316.52 - 22,692.86|
|52 Week Range||19,239.52 - 24,129.34|
Global stocks mixed, with weakness in Asia offset by solid start in Europe, as investors brace for Trump-Putin summit in Helsinki. China's economy grows 6.7% in second quarter, but weak June industrial production readings suggest second-half could see slowing. Oil dips as investors bet Libya supply will start to increase, but Norwegian strikes keep investors from extending bets.
Trade fears have slammed markets around the world, but U.S. stocks are rising as strong profits and spending lead investors to overlook the risks of a downturn. The S&P 500 and Dow Jones Industrial Average have gone up all but one day since the U.S. and China imposed tariffs on $34 billion of each other’s goods on July 6. The S&P 500 is now up 4.8% for the year.
U.S. stocks climbed Friday and posted weekly gains, as a solid start to the corporate earnings season helped investors brush aside fears about a global trade rift. Stocks have shown resilience in recent weeks, even as the U.S. and China have ramped up punitive trade measures on each other that some analysts fear could hurt global growth. The S&P 500 dipped midweek after the White House said it would assess 10% tariffs on an additional $200 billion of Chinese goods—although it then rebounded Thursday as technology shares rallied.
By Hilary Russ NEW YORK (Reuters) - The benchmark S&P 500 index hit a more than five-month high on Friday on gains in industrial stocks and energy companies, while the safe-haven U.S. dollar flattened ...
The benchmark S&P 500 index hit a more than five-month high on Friday on gains in industrial stocks and energy companies, while the safe-haven U.S. dollar flattened after touching a two-week high. Gold ...
were basically back to even Friday after taking a large dip following the announcement that CEO Wes Bush will be stepping down on January 1. Northrop Grumman President and COO Kathy Warden will take over for him once he steps down. Bush will stay on as a chairman through July 2019.
By Hilary Russ NEW YORK (Reuters) - The benchmark S&P 500 hit a more than five-month high on Friday on gains in industrials and energy companies, while the safe-haven U.S. dollar flattened after touching ...
Global stocks extend gains as investors prep for U.S. earnings season kick-off. China's U.S. trade surplus rises to record high in June, adding more pressure to ongoing tension between the world's two biggest economies. Dollar continues to gain, U.S. Treasury yields hold steady after $69 billion in new bond supply.
LONDON (AP) — Global shares rose Friday as investors focused on a run of earnings statements from U.S. banks. The British pound, however, was in retreat after President Donald Trump appeared to dash hopes of any imminent U.S.-U.K. trade deal.
Investing.com – Asian equities rebounded in afternoon trade on Friday as U.S. and China signalled they are open to resume negotiations over trade. China’s export rose more than expected in June, although the country’s export outlook is being clouded by the recent trade dispute with the United States, as both countries slapping tit-for-tat duties on each other's goods last Friday.
Japan's Nikkei surged to three-week highs on Friday, helped by a weaker yen and gains from index-heavy stock Fast Retailing after it jumped on the back of strong third-quarter results. Fast Retailing, operator of Uniqlo clothing stores, jumped 7.0 percent after its third-quarter operating profit surged 37 percent to a record 68.4 billion yen thanks to brisk sales at its overseas Uniqlo stores.
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
Investing.com – Asian equities were mixed in morning trade on Friday as U.S. and China signalled they are open to resume negotiations over trade.
China reported Friday that its June imports rose 14.1 percent in dollar-denominated terms, falling short of a 20.8 percent increase expected by analysts. China’s exports, meanwhile, slightly topped expectations by rising 11.3 percent in June. China also said on Friday that its trade surplus with the U.S. grew to $28.97 billion in June, according to data from China’s customs office.
Japan's Nikkei surged to 2-1/2-week highs on Friday, helped by a weaker yen and gains from index-heavy stock Fast Retailing after it jumped on the back of strong third-quarter results. The benchmark index has gained 3.2 percent for the week so far and is set to snap a three-week losing streak. Fast Retailing, operator of Uniqlo clothing stores, jumped 6.0 percent after its third-quarter operating profit surged 37 percent to a record 68.4 billion yen thanks to brisk sales at its overseas Uniqlo stores.
On Wednesday the Nikkei business daily reported Walmart would sell the supermarket chain and had approached major retailers and private equity funds, with a deal likely to raise $2.7 billion to $4.5 billion. "Walmart has not made a decision to sell Seiyu.
By Hilary Russ NEW YORK (Reuters) - U.S. stocks closed higher on Thursday as industrials rebounded and technology names soared, while commodities recovered and the dollar held steady after concerns over ...
U.S. stocks closed higher on Thursday as industrials rebounded and technology names soared, while commodities recovered and the dollar held steady after concerns over an escalating U.S. trade war with China took a breather. Metals also made a comeback, with bargain-hunting investors scrambling to buy, while oil prices steadied.
China had started trading, and it had opened higher. “If you look on a daily basis, Japan seems to take its direction from China,” said Jonathan Allum, a strategist at SMBC Nikko Capital Markets Ltd. in London. With a 5.9 percent decline this year, the Topix is headed for its worst annual performance since 2011.
Stocks were off to a strong start Thursday, as the tone improved in U.S. trade war and NATO rhetoric. Airlines rallied on Delta Air earnings. CA spiked on takeover news.
Oil recovers after worst single-day session in more than two years, but demand questions remain amid trade war concerns. Global stocks regained some poise in overnight trading, even as the U.S. dollar continued to find favor among investors still rattled by trade war rhetoric and President Donald Trump's haranguing of NATO allies in Brussels, setting up the potential for a solid opening on Wall Street.
LONDON (AP) — Global stock markets recovered some of the previous day's losses Thursday as investors weighed up the latest developments on a possible global trade war.
A day after Asian stocks sank after the Trump administration announced $200 billion in new tariffs against Chinese goods, markets strongly rebounded in early trading Thursday, with investors apparently gaining optimism from a 1%-plus bounce by Chinese indexes.