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.
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Source: ABC - 🏆 471. / 51 Read more »
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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.
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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!
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