European stocks close lower amid Trump remarks about China and the Fed

Shares in Europe closed lower on average on Friday afternoon following remarks from President Donald Trump over imposing tariffs on $ 505 billion worth of goods.

The pan-European Stoxx 600 ended provisionally lower by 0.09 percent at 385.2. The FTSE 100 in London ended flat, lower by just 0.04 percent.

Auto stocks were the worst-performers, down more than 2 percent amid reports that the European Commission is preparing retaliatory tariffs in case the U.S. moves ahead with duties on European carmakers. Banking shares were also under pressure amid comments from President Trump that he was not “thrilled” about the policy the Fed has followed.

Source : CNBC

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U.S. Stocks Inch Higher as Microsoft Results Overshadow Ongoing Trade Uncertainty

U.S. stocks rose slightly on Friday, with technology stocks leading the day’s advance following strong results from Microsoft, one of the industry’s most closely watched bellwethers.

Major indexes inches higher throughout the session, erasing an early decline that came as new questions surrounding government policy on both trade and the dollar cooled buying appetite.

The Dow Jones Industrial Average rose 41 points, or 0.2%, to 24,106. The S&P 500 index was up 4 points to 2,808, an increase of 0.1%. The Nasdaq Composite Index which has an outsize exposure to large tech stocks, was up 33 points to 7,858, a gain of 0.4%.

For the week, the Dow is up 0.3% while the S&P is up 0.2%. The Nasdaq is up 0.4%. All three are on track for their third straight weekly advance.

Source : Market Watch

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Dow, S&P 500 open lower as trade fears resurface

U.S. stocks opened mostly lower on Friday with the main benchmarks on track to end the week roughly where they started. Investors turned cautious after a flood of new question marks surrounding government policy on both trade and the dollar, overshadowing positive quarterly results from General Electric and Microsoft.

The S&P 500 fell 2 points, or 0.1%, to 2,803. The Dow Jones Industrial Average declined 62 points, or 0.3%, to 24,998. The Nasdaq Composite Index bucked the trends, opening 16 points, or 0.2% higher, to 7,840 Among the biggest gainers on the S&P 500, shares of Microsoft Corp. rallied more than 3% after quarterly earnings results.

Source: Marketwatch

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