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On Friday, American equities were about to proceed with their winning marathon, firmly making their way towards good weekly profits because market participants were geared up for bank earnings and temporarily neglected the everlasting trade conflict between America and China.
The Dow Jones Industrial Average soared by 0.3% being worth 24,959. The S&P 500 index managed to ascend by 0.2% trading at 2,803.25. The Nasdaq-100 index NQU8 gained 0.3% showing 7,406.50.
The revenues showed up after Thursday’s positive trading session, when the Nasdaq Composite Index went up by 1.4%, thus demonstrating its first greatest win since June 20. In addition to this, the Dow along with the S&P 500 concluded the trading marathon 0.9% up.
By the way, on Thursday, all three benchmarks seemed to be making their way towards firm weekly revenues. On Thursday, the S&P gained 1.4%, the Nasdaq added 1.8%, while the Dow jumped 1.9% for the week.
It has become known that Beijing and Washington are on the verge of resuming trade negotiations that could bring a long-awaited pact and stop this everlasting trade conflict.
Market participants focused on the second-quarter earnings season. Such key financial institutions as Citigroup Inc. C, Wells Fargo & Co. WFC and JPMorgan Chase & Co. JPM are expected to post their results that could potentially assist in setting the tone for the entire reporting season.
The equities of Johnson & Johnson JNJ headed south 2.2%.
AT&T Inc. T inched down approximately 1.6% after on Thursday the Department of Justice filed for an appeal of a ruling, which allows the telecoms major to have Time Warner Inc acquired.
As for Asian markets, they concluded generally up. The Shanghai Composite Index SHCOMP headed south nearly 0.23% because China’s imports rallied less than anticipated in June.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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