· Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.
The Dow Jones Industrial Average ended the day up 95.22 points at 25,585.69 while the S&P 500 climbed 0.1% to 2,826.06. The Nasdaq Composite rose 0.1% at 7,637.01. The indexes rebounded slightly from sharp losses on Thursday after President Donald Trump said Thursday afternoon the ongoing trade war could be over quickly.
But Friday’s gains were not enough to offset this week’s losses. The Dow dropped 0.7% this week to post its fifth consecutive weekly decline, its longest streak since 2011. The S&P 500 and Nasdaq fell a third straight week of losses, their longest slide since December 2018. The weekly losses come at a time when investors are growing more convinced that the trade war will take longer than expected to conclude and could hurt the economy.
· European stocks closed higher on Friday, with investors returning to risk assets as fears over the U.S.-China trade battle receded.
The pan-European Stoxx 600 index closed provisionally almost 0.6% higher with the majority of sectors and all major borses in positive territory. Mining stocks, with their exposure to China and trade news, were among the biggest gainers, jumping over 1%.
· Stocks in Asia were were mixed Monday morning as investors watched for developments from U.S. President Donald Trump’s state visit to Japan as well as results from the European parliamentary election.
In Japan, the Nikkei 225 rose 0.21% in early trade, with shares of index heavyweight Fast Retailing adding 1.07%. The Topix also gained 0.14%.
Over in South Korea, however, the Kospi declined 0.23% as shares of Samsung Electronics and LG Chem slipped.
Meanwhile, Australia’s ASX 200 traded largely flat.
Reference: CNBC
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