US stocks end mostly up despite bad data, China tensions

NEW YORK: Wall Street stocks finished a volatile session mostly higher on Friday after newly announced US policies to punish China did not threaten a trade detente between Washington and Beijing.AdvertisementThe broad-based S&P 500 gained 0.5 per cent to 3,044.31, while the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 9,489.87.

But Trump made no mention of the"phase one" trade agreement with China that walked back earlier trade tariffs, nor did he threaten new levies on US imports from the country. A US government survey showed a record 13.6 per cent drop in personal consumption in April, while personal income jumped 10.5 per cent due to the surge in government aid and unemployment payments under federal emergency spending measures.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopensInvestors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong: Stocks hit by China-US stand-off[Hong Kong] Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its preferential status, in response to China's plans for a new security law in the city. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »