Wall Street hits record highs as better-than-expected earnings buoy investor confidence
NEW YORK - The three major U.S. stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday as investors brushed aside worries over the progress of U.S.-China trade talks and as Walt Disney shares rose.
Doubts about trade progress resurfaced earlier in the day when President Donald Trump, in remarks to reporters at the White House, said he has not agreed to a rollback of U.S. tariffs sought by China. On Thursday, officials from both countries said that the United States and China had agreed to such a deal.
Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, said that while the market was initially volatile because of Trump’s remarks, it climbed right back. “The feeling now is that before the end of the year we’re going to see some type of deal,” Ghriskey said, even if it is a partial one.Helping to boost the S&P 500, Walt Disney Co gained 3.8% a day after it reported quarterly results that showed it spent less than it had projected on its online streaming service, Disney+. Disney’s popular theme parks and a remake of “The Lion King” lifted earnings.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The S&P 500 just notched 5 weeks of gains—and experts are split on what's aheadAll the major averages closed at record highs Friday, but market experts aren't in total agreement on what that means for stocks going forward.
Weiterlesen »
Wall St. ends near flat; healthcare shares gain but trade deal delay weighsU.S. markets remained almost flat as upbeat earnings from healthcare sector offset the impact of reports that U.S-China trade deal could be delayed
Weiterlesen »
Roku tumbles 11% as Wall St. gives thumbs down to latest reportRoku Inc's stock tumbled 11% on Thursday after the video streaming company ...
Weiterlesen »
Dow, S&P 500 hit record closes as investors digest trade newsThe Dow and S&P 500 notched record closing highs on Thursday as the latest signs...
Weiterlesen »
S&P 500, Dow slip as trade-fueled rally pausesThe S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. ...
Weiterlesen »