NEW YORK — U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was up 0.3% in early trading Friday. The Dow Jones Industrial Average was up 118 points, and the Nasdaq composite was up 0.4%. The S&P 500 has returned to within 1% of its record after coasting through relatively quiet trading this week. Revived hopes that the Federal Reserve may deliver cuts to interest rates this year drove the gains.
The Japanese Finance Ministry reported a record current account surplus for the fiscal year through March, as strong auto exports whittled down its trade deficit and the nation racked up solid returns on overseas investments.Hong Kong's Hang Seng jumped 2.3% to 18,963.68, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,154.55.
On Thursday, the S&P 500 rose 0.5% and the Dow Jones Industrial Average gained 0.8%. The Nasdaq composite added 0.3%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street opens lower, threatening to end a 4-day winning streakNEW YORK (AP) — Stocks are opening lower on Wall Street and threatening to end a four-day winning streak for the S&P 500. The benchmark index was down 0.4% early Wednesday. The Dow Jones Industrial Average slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens higher, adding to last week's gainsNEW YORK (AP) — U.S. stocks are ticking higher as last week’s rush of market-moving events gives way to what could be a quieter week. The S&P 500 was up 0.5% early Monday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens higher, trimming its losses for the weekNEW YORK (AP) — Stocks are opening higher on Wall Street to trim their losses for the week. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens lower after latest hotter-than-expected economic reportNEW YORK (AP) — Stocks are slipping after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens higher, adding to a hot start for the weekNEW YORK (AP) — Stocks are ticking higher on Wall Street and adding to their hot start to the week. The S&P 500 was up 0.5% in early trading on Tuesday, pulling further out of the hole created by a six-day losing streak.
Source: SooToday - 🏆 8. / 85 Read more »