U.S. Stocks End broadly Higher, Major Indexes Post Negative Week But Positive Quarter

U.S. stocks closed higher on Friday, as a broad rally ended the week, the month of June, and the second quarter on a positive note. The Dow Jones Industrial Average rose 0.3%. The S&P 500 added 0.1%. The Nasdaq Composite Index ended up 0.1%. The day’s gains were widespread, with eight of the 11 primary S&P 500 sectors ending in the green.

Among the biggest gainers were energy stocks, which rose 0.7% alongside a jump in crude-oil prices. Financials were also in focus after major banks indicated that they would return capital to shareholders after passing the Federal Reserve’s stress tests. Among notable stocks, Exxon Mobil Corp. rose 0.9% while Wells Fargo & Co. climbed 3.4%.

The positive tone on the day, however, wasn’t enough to erase weakness from earlier this week, which largely came on uncertainty pertaining to trade policy. The Dow fell 1.2% for the week while the S&P 500 lost 1.3% and the Nasdaq fell 2.4%. For the month, the Dow slipped 0.6% while the S&P rose 0.5% and the Nasdaq gained 0.9%. For the second quarter, all three ended in the green, with the Dow up 0.7%, the S&P up 2.9%, and the Nasdaq climbing 6.3%. For the first half of the year, the Dow is down 1.8% and the S&P is up 1.7%. The Nasdaq is up 8.8%.

Source : Bloomberg

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Sumber : bpfnews.com

U.S. Stocks End broadly Higher, Major Indexes Post Negative Week But Positive Quarter

U.S. stocks closed higher on Friday, as a broad rally ended the week, the month of June, and the second quarter on a positive note. The Dow Jones Industrial Average rose 0.3%. The S&P 500 added 0.1%. The Nasdaq Composite Index ended up 0.1%. The day’s gains were widespread, with eight of the 11 primary S&P 500 sectors ending in the green.

Among the biggest gainers were energy stocks, which rose 0.7% alongside a jump in crude-oil prices. Financials were also in focus after major banks indicated that they would return capital to shareholders after passing the Federal Reserve’s stress tests. Among notable stocks, Exxon Mobil Corp. rose 0.9% while Wells Fargo & Co. climbed 3.4%.

The positive tone on the day, however, wasn’t enough to erase weakness from earlier this week, which largely came on uncertainty pertaining to trade policy. The Dow fell 1.2% for the week while the S&P 500 lost 1.3% and the Nasdaq fell 2.4%. For the month, the Dow slipped 0.6% while the S&P rose 0.5% and the Nasdaq gained 0.9%. For the second quarter, all three ended in the green, with the Dow up 0.7%, the S&P up 2.9%, and the Nasdaq climbing 6.3%. For the first half of the year, the Dow is down 1.8% and the S&P is up 1.7%. The Nasdaq is up 8.8%.

Source : Bloomberg

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Sumber : bpfnews.com

EU Leaders Reach Agreement on Migration

European Union leaders reached a deal early Friday morning on migration

French President Emmanuel Macron said the agreement was “good news” and “European cooperation” prevailed over the talks that began Thursday evening and ended at dawn Friday.

The deal establishes reception centers for migrants and asylum seekers in EU member states that volunteer to have them.

Italy had blocked the adoption of any agreements at the European Union summit in Brussels, demanding that the bloc do more to help Rome’s migration crisis.

Conte said Italy will decide later whether it will host any reception centers.

Italy’s month-old populist government had refused to sign any joint agreements, instead holding out for action by other European countries to help deal with the migrants and refugees coming to Italy from North Africa. “Italy doesn’t need any more verbal signs, but concrete deeds,’’ Conte said.

EU sources described the talks as “virulent,” according to the French news agency.

Summit participants are planning to set up screening facilities in North African countries to slow the stream of people crossing the Mediterranean Sea to get to the EU, often through Italy.

While no countries have as yet agreed to host such screening posts, EU leaders hope to entice them with aid money.

Source : VOA


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