Stocks moved higher Friday morning, putting Wall Street on track to end a volatile month on an up note as worries over the U.S.-China trade war and the outlook for the global economy ebb.
What’s driving the market? Stocks were following on gains Wednesday and Thursday after Beijing and Washington this week appeared to adopt less strident tones on trade. China’s foreign ministry on Friday said U.S. and China negotiators were maintaining effective communication, Reuters reported. But stocks have pared earlier losses with a rebound this week. Through Thursday, the S&P 500 and Dow were 1.9% lower for August, while the Nasdaq was down 2.5%. For the week, the S&P is up 2.7%, while the Dow has gained 2.9% — on track for the biggest rise since the week ended June 7. The Nasdaq, up 2.9%, is headed for its best week since the period ended June 21.
Which stocks are in focus? Shares of Dell Technology Inc. DELL, +7.83% were up 12% early Friday. After Thursday’s closing bell, it reported second-quarter results that topped Wall Street estimates. Shares of Ulta Beauty Inc. ULTA, -28.58% were down 28%, after the cosmetics retailer reported disappointing second-quarter results Thursday evening.
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:
When stocks turn positive, will you come up with creative, insightful, flattering descriptions to reflect the positivity? 🤔
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets Right Now: Stocks open broadly higher on Wall StreetStocks are opening broadly higher on Wall Street, putting the market on track for a big weekly gain following four straight weeks of losses. Trump some with Xi. NIIIIICE. They know trump was lying, right?
Source: ABC - 🏆 471. / 51 Read more »
Stocks surge on encouraging signs for US-China trade talksThe Dow Jones Industrial Average, S&P 500 index, and Nasdaq Composite all rose sharply during US trading on Thursday. This bounce won't last, CCP can't and won't do what the US wants, period. Fake news by Trump. Trump will announce another fake news to slam the market again coming days. Although they wont admit it dems running for office are pro USA worker and really support trumps war on china. China thinks if trump were out of office it will better for them. If new dem president, it will get worse for china.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks end with strong gains after China trade commentsStocks ended with strong gains Thursday, lifted after China said it wouldn't retaliate immediately against the latest round of tariffs imposed by the U.S. A... Or because of retail sales and consumer confidence.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks are surging after China signals trade talks with the US could be back onChina would prefer to settle the issue and avoid further escalation of the trade war, its Commerce Ministry said. NO TRUMP MIND Excuse me if I don’t get my hopes up.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks Rise on Hopes for Trade TalksEuropean stocks and U.S. futures were higher on renewed hopes for progress in the trade dispute between the U.S. and China This groundhog day headline is officially ridiculous! You mean the sky isn't falling, Henny Penny! Would think the stock market get bored by now. Short periods of swinging is fun. How many times can one keep up with the flipping of hopes and disappointments this long?
Source: WSJ - 🏆 98. / 63 Read more »
Markets Right Now: New trade hopes send US stocks higherMARKETS: Stocks are opening higher on Wall Street as investors hope new talks set for September can result in progress in resolving the U.S.-China trade dispute. in China Government giveth, but government also taketh away Thank you president trump for putting USA first! We are winning!
Source: ABC - 🏆 471. / 51 Read more »