A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.
By Michael Wursthorn and Riva Gold-- Dow, S&P 500 slightly higher-- Lira lurches lower-- European shares fall. The Dow Jones Industrial Average rose Friday to finish a second consecutive week higher, as fears of contagion from Turkey's currency crisis continued to ebb. The index of the 30 U.S. stock-market stalwarts added to its massive gains from Thursday, when the Dow logged its biggest point move in four months, easing investor concerns that the U.S. market was on the cusp of a more...
* S&P, Dow extend gains, Nasdaq turns positive. * Chip stocks slip on weak Nvidia (NVDA), AMAT forecasts. * Among FAANG stocks, Apple (AAPL) is sole gainer. * Tesla plunges following Musk interview, UBS note. * Indexes up: Dow 0.43 pct, S&P 0.33 pct, Nasdaq 0.13 pct. By Stephen Culp.
By Sue Chang and Mark DeCambre, MarketWatch. Tesla sinks following Elon Musk's soul-baring interview. U.S. stocks rallied for a second session Friday, with the Dow Jones Industrial Average closing at its highest since February as optimism that the U.S. and China will eventually resolve their trade standoff offset fears about Turkey's currency crisis.
U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in trade disputes between the United States and its trading partners China and Mexico.
* S&P, Dow extend gains, Nasdaq turns positive. * Chip stocks slip on weak Nvidia (NVDA), AMAT forecasts. * Among FANG stocks, Apple (AAPL) is sole gainer. * Tesla drops following Musk interview, UBS note. * Indexes up: Dow 0.52 pct, S&P 0.39 pct, Nasdaq 0.15 pct. By Stephen Culp.
The Dow Jones Industrial Average in late-afternoon Friday trade jumped to session highs amid reports that the U.S. and China are setting the stage to end a contentious multibillion-dollar tariff dispute by November, according to the Wall Street Journal. The Dow was trading 150 points, or 0.5%, at 25,685, the S&P 500 index climbed 0.4% at 2,850, while the Nasdaq Composite Index also drifted into positive territory, after lagging behind its peers earlier in the session.
The Dow Jones Industrial Average Friday afternoon looked poised to book its highest closing level since Feb. 1, according to FactSet data. A late-session 150- point rally for the blue-chip gauge, on the back of growing optimism that China and the U.S. can strike a detente on trade by November, has helped power the recent climb. If the Dow can finish above 25,709, it would mark its best finish since Feb. 1, when the gauge closed at 26,187. Meanwhile, the S&P 500 index advanced 0.5% at...
* S&P 500, Dow extend gains, Nasdaq turns positive. * Indexes up: Dow 0.58 pct, S&P 500 0.41 pct, Nasdaq 0.17 pct. By Stephen Culp. The S&P 500 and the Dow Jones Industrial average extended earlier gains and the Nasdaq turned positive on Friday on reports of potential progress in easing trade tensions between the United States and its trading partners.
By Michael Wursthorn and Riva Gold-- Dow, S&P 500 slightly higher-- Lira lurches lower-- European shares fall. The Dow Jones Industrial Average edged higher Friday, as fears of contagion from Turkey's currency crisis continued to ebb. The index of the 30 U.S. stock-market stalwarts added to its massive gains from Thursday when the Dow logged its biggest point move in four months, easing investor concerns that the U.S. market was on the cusp of a more significant pullback.
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