Market Report - Us
Stocks on Wall Street stormed to fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Stocks opened mostly flat on Thursday as market participants continued to focus on trade developments between the world's two largest economies.
US stocks opened lower on Wednesday as market thumbed over notes from Federal Reserve chairman Jerome Powell's testimony to the Joint Economic Committee of Congress later in the session.
Stocks opened higher on Tuesday, putting the Dow Jones Industrials index on track to register its tenth record close of the year.
US stocks took a break from the record-setting rally on Monday, opening lower as market participants continue to closely monitor goings-on in US-China trade talks and demonstrations in Hong Kong.
US trading began on a mixed note on Friday following a record close for the Dow Jones in the previous session, as President Trump said no agreement had been struck to roll back tariffs on China.
US stocks opened higher on Thursday as Beijing and Washington agreed to roll back tariffs on each other's goods as part of an effort to secure a phase-one trade deal.
Stocks were trading in mixed fashion in late trading in New York following a report that a phase one trade deal between Washington and Beijing could be delayed until December.
All of Wall Street's main market gauges were at fresh record highs at the start of the week as investors grew increasingly optimistic that a trade deal will be struck between the US and China.
Trading on Wall Street got off to a positive start at the end of the week, with sentiment boosted by surpisingly strong readings on the US jobs market and Chinese manufacturing.
Wall Street's main market gauges were trading modestly lower on Thursday on the back of reports calling into question the chances of a long-term US-China trade deal being signed.
Stocks were trading slightly lower on Wednesday afternoon ahead of the Federal Reserve's interest rate announcement scheduled for later in the day and on the back of somewhat mixed readings on the pace of US economic growth and for the country's labour market.
Wall Street's main stock market gauges were mixed in early trading, with the mood dampened by a poor set of quarterly results out of technology giant Alphabet overnight, even as traders kept a wary eye on the start of a two-day meeting of rate-setters at America's Federal Reserve.
The S&P 500 hit a fresh record high at the start of the week on the back of additional positive headlines around the US-China trade war and bullish calls from some of Wall Street's largest investment banks, albeit not all.
US stocks opened higher on Friday as investors mulled over the latest quarterly figures from the likes of Microsoft and Tesla, as well as a disappointing set of results from Amazon.
Wall Street trading began on a mixed note on Thursday as the busiest day of the earnings season kicked off amid fresh headlines around the ongoing US-China trade talks.
US stocks opened on a mixed note on Thursday as shares in bellwether Caterpillar sank on the back of a significant earnings miss and a downgrade to its full-year outlook, offsetting some positive headlines regarding Boeing's 737 Max aircraft.
Wall Street trading began on a slightly mixed note on Tuesday as investors continued to focus on US-Sino trade news and thumbed through a slew of earnings from some of the country's top firms.
Trading on Wall Street got off to a good start on Monday, thanks to positive headlines around the US-China trade talks emanating from Beijing and Washington and increasing optimism that the UK would be able to avoid crashing out of the European Union, although according to analysts passage of Prime Minister Boris Johnson's Brexit proposal could turn out to be less straightforward than some expected.
Wall Street was moving lower at the end of the week on the back of hawkish remarks from two top US central bank officials and amid a bout of selling in shares of Johnson&Johnson.