Equities edge higher as political concerns weigh on sentiment | Malay Mail

On Wall Street, the Dow Jones Industrial Average rose 131.06 points, or 0.48 per cent, to 27,665.64, the S&P 500 gained 1.78 points, or 0.05 per cent, to 3,340.97 and the Nasdaq Composite dropped 66.05 points, or 0.6 per cent, to 10,853.55. — Reuters pic

“Most of the risks faced by markets for the rest of the year are political, so around the US election, the UK government’s exit from the EU and US-China tensions,” said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners. European indexes were bolstered after telecoms and cable group Altice Europe said its founder had offered to take the company private, sending its shares up more than 24 per cent.

The NYSE Fang+ index of big 10 tech companies lost 5.6 per cent for the week in its biggest weekly decline since March.

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