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Stocks erased early losses to end slightly higher Friday, shaking off worries about rising trade tensions on display as leaders of the Group of Seven advanced economies met in Canada. The Dow Jones Industrial Average ended with a gain of around 75 points, or 0.3%, according to preliminary figures, while the S&P 500 also rose 0.3% and the Nasdaq Composite advanced 0.1%. For the week, the S&P 500 rose 1.6%, while the Nasdaq, which hit all-time highs earlier in the week, rose 1.2%. The Dow posted a 2.8% weekly gain.
Dow posts largest weekly gain in 3 months
U.S. stocks end higher, book hefty weekly gain
Special Counsel Robert Mueller on Friday brought new charges against Paul Manafort, Trump's one-time presidential campaign manager, as well as Konstantin Kilimnik, a Russian-Ukrainian political consultant. Manafort is charged with conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading FARA statements, and false statements. Manafort and Kilimnik are charged with conspiracy to obstruct justice and obstruction of justice.
Dow industrials up 64 points, or 0.2%
Nasdaq Composite little changed at 7,637
S&P 500 up 0.2% at 2,775
The major U.S. benchmarks are mixed early Friday, digesting statistically unusual June breakouts ahead of the two-day G-7 summit. Against this backdrop, the S&P 500 has nailed next resistance (2,780), and pulled in modestly, while the Nasdaq Composite digests a strong June rally encompassing four straight closes atop the 20-day volatility bands.
The Dow Jones Industrial Average was attempting to turn higher and extend a multiday string of victories to a third day on Friday, with gains in shares of McDonald's Corp. and Procter & Gamble Co. lifting the the blue-chip benchmark. The Dow was trading near break-even territory in late-morning action, up less than 0.1% at 25,250, but the levels represented a paring of an opening slump of more than 75 points at session lows, according to FactSet data. The S&P 500 index also was trimming its earlier decline to trade flat at 2,769, as was the Nasdaq Composite Index at 7,625, most recently. Tensions around global trade, amid a gathering of seven prominent developed economies, including the U.S. and those in Europe, known as the G-7, was sparking unease in the early session, as investors express anxieties about President Donald Trump's protectionist policies and the potential impact of tariff clashes on the domestic and global economies.
S&P 500 trades at break-even level at 2,770; Nasdaq flat at 7,629
Dow gains less than 0.1% at 25,250
Dow turns positive in late-morning trade
Shares of General Electric Co. rallied 1% in morning trade Friday, after the industrial conglomerate said its quarterly dividend will remain at 12 cents a share. The dividend will be payable July 25 to shareholders of record on June 18. GE's stock had tumbled 7.3% on May 23, the biggest one-day selloff in nine years, after Chief Executive John Flannery didn't give a definitive answer to an analyst's question of whether he could "stand behind" the current dividend rate. GE's current dividend yield of 3.45% was above the yield for the SPDR Industrial Select Sector ETF of 1.77%, and the implied yield for the Dow of 2.10%, according to FactSet. GE's stock has now shed 20.2% year to date, while the industrial ETF has gained 0.5% and the Dow Jones Industrial Average has tacked on 2.0%.
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Key U.S. | Last | Chg | Chg % |
---|---|---|---|
Dow Jones Industrial Average | |||
NASDAQ Composite Index | |||
S&P 500 Index | |||
Russell 2000 Index | |||
Other U.S. | Last | Chg | Chg % |
Dow Jones Transportation Average | |||
Dow Jones Utility Average Index | |||
Dow Jones U.S. Total Stock Market Index | |||
NASDAQ 100 Index (NASDAQ Calculation) | |||
S&P 400 Mid Cap Index | |||
NYSE Composite Index | |||
Barron's 400 Index | |||
CBOE Volatility Index | |||
Global | Last | Chg | Chg % |
Global Dow Realtime USD | |||
Asia/Pacific | Last | Chg | Chg % |
The Asia Dow Index USD | |||
S&P/ASX 200 Benchmark Index | |||
Shanghai Composite Index | |||
Hang Seng Index | |||
S&P BSE Sensex Index | |||
NIKKEI 225 Index | |||
FTSE Straits Times Index | |||
Europe | Last | Chg | Chg % |
STOXX Europe 50 Index | |||
STOXX Europe 600 Index | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index | |||
Americas | Last | Chg | Chg % |
BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
---|---|---|---|
Procter & Gamble Co. | |||
Walt Disney Co. | |||
Travelers Cos. Inc. | |||
Coca-Cola Co. | |||
Home Depot Inc. | |||
General Electric Co. | |||
Merck & Co. Inc. | |||
Exxon Mobil Corp. | |||
Microsoft Corp. | |||
3M Co. | |||
UnitedHealth Group Inc. | |||
VISA Inc. Cl A | |||
Johnson & Johnson | |||
International Business Machines Corp. | |||
Pfizer Inc. | |||
Verizon Communications Inc. | |||
JPMorgan Chase & Co. | |||
Boeing Co. | |||
Nike Inc. Cl B | |||
DowDuPont Inc. | |||
United Technologies Corp. | |||
Goldman Sachs Group Inc. | |||
McDonald's Corp. | |||
Cisco Systems Inc. | |||
Chevron Corp. | |||
American Express Co. | |||
Caterpillar Inc. | |||
Walmart Inc. | |||
Apple Inc. | |||
Intel Corp. |