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The Closing Bell: Trade Talk Has Dow & S&P 500 Indexes Ending Week On A Positive Note
FYI: U.S. stock indexes traded up Friday, after comments from President Trump, suggesting that trade disputes with China could be resolved, caused the Dow and S&P to swing positive. However, the Nasdaq finished down .16%. All three indexes were negative for the week.
Equity markets have reacted swiftly to trade-related headlines in recent days as investors look for any hint that the threat of more tariffs will be removed, and the S&P 500 Index hit session highs after Trump appeared to signal a willingness to reach a deal with China at this month’s G-20 summit.
The market pared some gains as consumer and retail shares flagged. Department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy’s Inc. and Dillard’s Inc. Shares of Nvidia Inc. were headed for their worst day in a decade on the chipmaker’s lower-than-expected fourth-quarter outlook. At the same time, California utilities PG&E Corp. and Edison International began to recover from steep losses brought on by the wildfires that swept the state. Energy firms advanced as crude continued its rally after a record losing streak. Regards, Ted Bloomberg Evening Briefing: https://www.bloomberg.com/news/articles/2018-11-16/your-evening-briefing
