US stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017.
To close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data. Meanwhile, investors will be watching to see what policymakers announce at next week's Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month's"skip."
A quarter-point hike to the 5.25%-5.50% range would"more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday."But those expecting a fanfare will be disappointed as the Fed will make every efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions."
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Dow extends winning streak to 8 daysDow hits 8-day winning streak as investors hope for more upbeat earnings reports
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Dow eyes 9-day win streakDow eyes 9-day win streak as US stocks trade mixed after Tesla, Netflix earnings
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Dow Jones notches a 9-day win streakDow notches 9-day win streak while earnings from Netflix, Tesla drag down Nasdaq
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »