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On Friday, the Dow managed to conclude the trading session up on upbeat mood after American leader told that a trade agreement with China is real.
As a matter of fact, the Dow Jones Industrial Average soared by 0.70%. As for the S&P 500, it surged by about 0.62%. The Nasdaq Composite rallied by 0.91%. Eventually, the Dow concluded up for an eighth week in a row.
In a sign that China and America were still committed to coping with their differences on trade, China’s Prime Minister extended his visit to America to proceed with negotiations with American rivals.
Tech equities rallied due to profits in Intel and Intuit.
As a matter of fact, Intuit managed to tack on by 6.8% having reported fiscal second-quarter outcomes on Thursday. They topped forecasts made by Investing.com.
As for Intel, it managed to go up by 2.1% following a positive assessment from Morgan Stanley.
Morgan Stanley had Intel's stocks upgrade from equal-weight to overweight and also ramped up its price objective from $55 to $64 on hopes that the chip producer is going to be one of the key winners when spending on cloud computing goes up.
Kraft Heinz went down by up to 27.5% having revealed on Thursday that the SEC had come up with a probe into the company's accounting practices. Moreover, the company also posted a quarterly loss of $15.4 billion.
Energy equities concluded the trading day up because American crude prices surged on expectations that a US-China trade pact would back global economic surge, thus powering oil demand.
Western Digital, DISH Network, and Intuit turned out to be amount the top-notch S&P 500 gainers for the trading session.
On Thursday, Asian stocks rallied after the major US bank took a more accommodative stance at its policy gathering, although worries over US-China trade negotiations and decelerating global surged capped broad profits and suppressed some markets…
On Wednesday, American stocks were nearly intact because market participants awaited more clarity on the Fed’s interest rate outlook for 2019, while some trade fears still persisted…
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019…
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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