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Stocks rise slightly, but S&P 500 posts its first weekly decline in over a month

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Stocks rose slightly on Friday, after President Trump said the U.S. and China are “very close” to reaching a trade agreement. The Dow, S&P 500 and Nasdaq all gained less than 1%.

" to reaching a trade agreement, nothing: "We have a very good chance to make the deal." That comment lifted market sentiment during the day.

To be sure, investors took some profits off the table this week. For the week, the S&P 500 lost about 0.3% and snapped a six-week winning streak. The Dow declined 0.5% and had for its first one-week pullback in five. The Nasdaq ended a seven-week winning streak, dropping 0.3%.Drew Angerer | Getty Images News | Getty Images

Stocks recently rallied to record highs after Trump said last month that China and the U.S. had reached a "phase one" trade deal that would be signed in November. However, concerns over that so-called phase one deal have risen lately. The investment community is unsure whether both countries will sign some sort of trade agreement in the coming weeks. Morgan Stanley said Thursday that a phase one deal"A few weeks ago when President Trump said a phase one deal was complete, optimism was sky high," said Ryan Nauman, market strategist at Informa Financial Intelligence.

 

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$SPX with a nice move to the upside at the close.

Just how many freakin times does the Ponzi Scheme Stock Market have to just fall for the same old line for the last 18 months? This is a joke.....again!!!!!!!

Manipulating the whole f’n thing. Check whose buying and selling around his tweets.

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