Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market.

The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing its best weekly advance on a percentage basis since July, while the S&P 500 index logged a weekly climb of 0.8%.

Investors have mostly ignored persistent evidence of escalating tensions between the U.S. and China-among other regions-on trade policy. President Donald Trump has announced nearly $ 500 billion in tariffs on Chinese goods this week; China retaliated with measures of its own and said it would introduce more if the U.S. tariffs take effect.

Source: Marketwatch

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Europe Ends On a High Note as Investors Brush Off Trade Dispute

European stocks ended Wednesday’s session relatively upbeat, as investors shook off concerns surrounding escalating trade tensions between the U.S. and China.

The STOXX 600 index closed up 0.32 percent provisionally at 379.98, with major sectors pointing in different directions by the end of trade. Basic resources surpassed fellow sectors, while utilities dropped over 1 percent.

The U.K.’s FTSE 100 rose 0.42 percent at 7331.12 the close, while France’s CAC 40 popped 0.56 percent at 5393.74 and Germany’s DAX saw gains of 0.5 percent at 12219.02 Most markets in peripheral Europe closed higher.

Source : CNBC

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European stocks finishes on a high note despite escalating trade concerns

European stocks posted solid gains on Wednesday, despite intensifying trade tensions between the world’s two largest economies.

The pan-European Stoxx 600 closed up 0.47 percent at 377.080, with almost all sectors finishing in positive territory.

The majority of Europe’s bourses ended on an upbeat note, with the U.K.’s FTSE 100 rising 0.55 percent, the French CAC 40 jumping 0.92 percent and the German DAX seeing gains of 0.52 percent by the close.

Looking across Europe/s sectors, oil and gas stocks were among the top performers Wednesday, finishing up 1.6 percent as investors continued to monitor rising crude prices and looming sanctions against Iran. The sector was supported by a strong uptick in U.S. WTI, which rose over 2 percent by Europe’s close on the back of a bigger-than-expected fall in U.S. inventories.

Source: CNBC

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