The Dow Jones Industrial Average edged higher as trade tensions with China appeared to cool further, putting the blue-chip index on track for a third consecutive week of gains and within a hair of its record. The 30- stock index rose 0.2%, on track for its eighth straight session of gains. The S&P 500 added 0.1%, and the Nasdaq Composite slipped less than 0.1%.
- Canada's main stock index hit fresh record high on Friday as growing optimism around U.S.-China trade talks lifted sentiment, while gold miners got a boost from higher price of the bullion.
Value stocks have outperformed in September. Stocks have brushed off concerns about the U.S- China trade war in September as volatility has plummeted, but beneath the surface equity markets have seen an aggressive rotation out of high-growth momentum stocks and into previously out- of-favor value stocks. For the rally to continue, however, interest rates will have to start rising, either due to a imminent rebound in global economic growth or following a mild recession, investors...
U.S. stocks rose as trade tensions between the U.S. and China appeared to cool further, putting major indexes on track for a third consecutive week of gains and within a hair of their records. The S&P 500 rose 0.1% shortly after the opening bell. The Dow Jones Industrial Average rose 0.2%, on track for its eighth straight session of gains.
The S&P 500 and Dow Jones Industrials indexes opened modestly higher on Friday, on growing optimism around trade talks between the United States and China as well as stronger-than-expected domestic retail sales.
U.S. stocks opened mostly higher on Friday, pushing the Dow and the S&P 500 closer to their all-time highs, as investors were buoyed by a combination of positive consumer data, receding U.S.-China trade tensions and a boost from easing central banks. The S&P 500 was up less than 0.1% to 3,011. The Dow Jones Industrial Average advanced 50 points, or 0.2%, to around 27,233. The Nasdaq Composite was down 0.1% to 8,187. The Commerce Department reported retail sales rose 0.4% in August,...
* Stocks set to open higher for third straight session. * Trump says potentially open to interim trade deal with China. * August retail sales rise 0.4% vs forecast of 0.2% * Futures: Dow up 0.24%, S&P 500 up 0.13%, Nasdaq down 0.06% By Uday Sampath Kumar.
--Some Asian markets closed for holiday. U.S. stock futures ticked up after China said it wouldn't impose new tariffs on U.S. soybeans, pork and other agricultural goods, a further sign of cooling tensions between the two largest economies. Futures on the S&P 500 rose 0.3% and futures on the Dow Jones Industrial Average rose 0.4%.
--Some Asian markets closed for holiday. U.S. stock futures ticked up after China said it would not impose new tariffs on U.S. soybeans, pork and other agricultural goods, a further sign of cooling tensions between the two largest economies. Futures on the S&P 500 and Dow Jones Industrial Average both rose 0.4%.
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions. Tariff-vulnerable industrials helped keep the blue-chip Dow in positive territory, which has now gained in eight straight sessions, its longest winning streak since May 2018.
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