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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$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.

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:

 /  🏆 12. in MY

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.

Stocks edge higher at open as Dow, S&P 500 look to avoid four straight lossesU.S. stocks rose at the start of trade Friday, one day after both the Dow Jones Industrial Average and the S&P 500 index closed lower for the... The Dow will be down at least 50 points as Crooks head to Hamptons muralikumarje We r really killed,today we rallied down today and lost,monday market will rise little due to US friday market we will loose,tuesday it will fall little again due to monday US market fall we will loose😱
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks Fall on Dimming Hopes For U.S.-China Trade TalksStocks fell in Asia, following retreats in the U.S. and Europe, on concerns that trade negotiations between China and the U.S. could reach a stalemate. Given that Trump Admin (Barr) is investigating FBI/intel services, House is investigating Potus, Senate (Graham) is investigating former VP, does Xi look at this and say - there is no one running this madhouse, why do a deal now?
Source: WSJ - 🏆 98. / 63 Read more »

European stocks seen lower amid fears for US-China trade and Hong Kong discordEuropean stocks were seen lower Thursday as relations between China and the U.S. come under strain over Hong Kong, amid concerns that 'phase one' of a trade deal between the two powerhouses may be pushed into 2020.
Source: CNBC - 🏆 12. / 72 Read more »