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…
S&P and Dow demonstrate record maximums
On Friday, the S&P 500 along with the Dow demonstrated record maximums for the second straight day. Besides this, the tech-heavy Nasdaq went down, mostly because of Wall Street's sector reshuffling as well as quadruple witching expirations.
As a matter of fact, Telecoms major AT&T was braced for forming the cornerstone of a fresh powerhouse communications services niche that would also accommodate Google, Alphabet, Facebook, and Twitter.
Moreover, AT&T rallied by up to 1.8%, thus pushing the S&P telecommunications sector up by approximately 1.42%. The equities of Verizon edged up by 1.1%, while CenturyLink jumped by 1.6%.
8 of the 11 major S&P sectors turned out to be higher, while the telecommunications sector became the top performer.
The Nasdaq slumped, Amazon and Apple lost respectively 0.7% and 0.3%.
The Dow Jones Industrial Average managed to acquire 0.29% being worth 26,733.87. At the same time the S&P 500 added by 0.13% hitting 2,934.66.
McDonald's 2% jump raised the consumer discretionary sector after the company concluded the trading week with strikes across the country. The strikes were caused by sexual harassment by lifting its quarterly dividend by nearly 15%.
A 3% sag in the equities of Micron brought chipmakers down after the Idaho-based company told that American levies on China’s products would affect its financial outcomes for as much as a year.
Since Tuesday's recent blows in the conflict with China, trade fears have moved into the background, thus allowing the resumption of a soar, dating back a decade.
Advancing issues managed to outclass losers by a 1.27-to-1 ratio on the NYSE. Decreasing issues outperformed top performers for a 1.18-to-1 ratio on the Nasdaq.
As for the S&P index, it recorded 53 fresh 52-week maximums without new minimums, while the Nasdaq posted neither new maximums not new minimums.
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…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…