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Treasury yields hold their ground on Friday after a week that saw the traditional haven boosted by anxieties centered on trade clashes between the U.S. and major trading partners such as China and the European Union.
The Dow Jones Industrial Average on Friday closed higher, ending an eight-session slide that drove the broader market to weekly loss, amid rising global trade tensions. The Dow closed up about 120 points, or 0.5%, at 24,581, avoiding a nine-day slide, which would have marked its longest since 1978. Sharp gains in shares of McDonald's Corp. , up 2.7% and UnitedHealth Group Inc. were among the components that supported an advance in the price-weighted Dow. The S&P 500 index gained 0.2% at 2,754, supported by a rally in crude-oil futures, which enjoyed a pop after the Organization of the Petroleum Exporting Countries early Friday reached an agreement at a gathering in Vienna to increase a curb on crude output, but less aggressively than had been anticipated. August West Texas Intermediate crude on the New York Mercantile Exchange rose $3.04, or 4.6%, to settle at $68.58 a barrel, for its highest finish in about a month. That helped propel oil-and-energy focused shares, with the exchange-traded Select Sector SPDR ETF gained 2.1%. The technology-heavy Nasdaq Composite Index closed Friday's session off 0.3% at 7,692. The week of trading was pockmarked by anxieties around trade relations between the U.S. and partners in China and the U.S., headlined by President Donald Trump's threat late Monday to impose $400 billion in additional tariffs on Chinese goods, escalating tensions between the global superpowers. Over the five-session period, the Dow booked a weekly decline of 2%, the S&P 500 lost 0.9%, while the Nasdaq declined by 0.7%.
For the week, Dow down 2%, S&P off 0.9%, Nasdaq off 0.7%
Nasdaq Composite Index closes down 0.3%
S&P 500 ends up 0.2%
Dow Jones Industrial Average closes up 0.5%
U.S. stocks close mostly higher, supported by energy sector
Former Intel Corp. Chief Technology Officer and current VMware Inc. Chief Executive Pat Gelsinger said Friday he doesn't want the CEO spot at Intel. In a tweet, Gelsinger said that he "loved" the CEO job at VMware and that the "future is software." Former Intel CEO Brian Krzanich stepped down Thursday after the semiconductor giant said he had violated the company's policies through a consensual relationship with another employee. Intel stock is up 0.9% to $52.64 in early afternoon trading. Intel shares have climbed 14% this year as the benchmark S&P 500 index has gained 2.9%. The Dow Jones Industrial Average , of which Intel is a component, has fallen 0.4%.
U.S. stocks are mixed early Friday, vacillating amid a pronounced crude-oil price spike after OPEC agreed to a smaller-than-expected production increase. Against this backdrop, the Dow Jones Industrial Average is vying to avoid its longest losing streak since 1978, while the Nasdaq Composite digests its early-week rally to all-time highs.
Popular ways to bet on energy and oil assets on Friday were on track for their best daily gains in weeks after OPEC said it reached a tentative deal to boost output, though not by as much as some had expected. The decision supported a surge in oil futures. The United States Oil Fund LP jumped 2.55% and was on track to mark its best one-day rise since April 18, while the Energy Select Sector SPDR ETF rallied 2.8% and was pacing its best daily rise since May 30. The S&P 500 index's energy sector was the best performer among the benchmark's 11 sectors. West Texas Intermediate oil for August delivery trading on the New York Mercantile Exchange , the U.S. benchmark, meanwhile, was up 2.6% at $67.28 a barrel, while the international benchmark Brent was up 2% at $74.52 a barrel. An OPEC meeting in Austria concluded with oil ministers agreeing to increase in the closely watched gathering. Back in 2016, OPEC and its non-OPEC allies agreed to cap production to absorb a global glut of oil that had walloped prices.
An index that tracks U.S. manufacturers and a gauge for service-oriented companies both tapered off slightly in June but still showed the U.S. economy expanding at a strong pace, according to IHS Markit's flash PMIs. The manufacturing index slipped to a seven-month low of 54.6 from 56.5. The services barometer dropped to a two-month low of 56.5 from 56.8. Any number over 50 signifies expansion, and results above 55 are considered exceptional. "The flash PMI surveys add to evidence that the U.S. economy is enjoying a strong second quarter. Despite growth cooling slightly in June, the latest numbers round off the best quarter for three years, and suggest economic growth has lifted markedly higher than the 2.3% rate of expansion seen in the first quarter to well over 3%," said Chris Williamson, chief business economist at IHS Markit.
Dow, S&P 500 hold modest gains after Markit data; Nasdaq lower
General Electric Co.’s removal from the Dow Jones Industrial Average this past week was a new low for the struggling industrial giant. But it could also be a sign of brighter days ahead.
Investors are gobbling up the shares of small U.S. companies, a sign of how they're retreating from some overseas markets.
Eighty-six years ago this week, the stock market hit its worst low. Today’s high-flying market looks like a polar opposite. But information is still power.
Shares of small companies are once again climbing to new highs, but that doesn't mean larger companies will follow suit.
U.S. stock funds are on track for a third straight month of outflows as investors grow wary of the aging bull market.
A Tuesday stock market rally is putting major indexes on track to close above a key technical level, signaling they're regaining momentum after a rough stretch this year.
U.S. stocks' selloff intensified in afternoon trade Friday as fears mount about the impacts of a trade spat between the U.S. and China.
Stock investors have at least one reason for optimism: earnings season.
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Key U.S. | Last | Chg | Chg % |
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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 % |
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DowDuPont Inc. | |||
McDonald's Corp. | |||
Verizon Communications Inc. | |||
General Electric Co. | |||
Exxon Mobil Corp. | |||
Chevron Corp. | |||
Procter & Gamble Co. | |||
Johnson & Johnson | |||
United Technologies Corp. | |||
UnitedHealth Group Inc. | |||
Travelers Cos. Inc. | |||
Walmart Inc. | |||
American Express Co. | |||
VISA Inc. Cl A | |||
Intel Corp. | |||
Pfizer Inc. | |||
3M Co. | |||
Merck & Co. Inc. | |||
Walt Disney Co. | |||
Boeing Co. | |||
Coca-Cola Co. | |||
Caterpillar Inc. | |||
Cisco Systems Inc. | |||
International Business Machines Corp. | |||
Apple Inc. | |||
Goldman Sachs Group Inc. | |||
Nike Inc. Cl B | |||
Microsoft Corp. | |||
Home Depot Inc. | |||
JPMorgan Chase & Co. |