[NEW YORK] Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from US President Donald Trump regarding trade relations with China assuaged concerns among some investors.
Even so, the S&P 500 ended the week more than 1 per cent lower to notch the third straight week of losses for the benchmark index, which has been weighed down by fears that the US-China trade war would result in a global economic slowdown. The Dow Jones Industrial Average rose 95.22 points, or 0.37 per cent, to 25,585.69, the S&P 500 gained 3.82 points, or 0.14 per cent, to 2,826.06 and the Nasdaq Composite added 8.73 points, or 0.11 per cent, to 7,637.01.
Financials led percentage gains among the S&P 500's major sectors, adding 0.8 per cent as US Treasury yields rose for the first time in three days. Autodesk Inc shares fell 4.9 per cent after the software maker reported quarterly revenue and earnings that were below expectations.
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