U.S. Stocks Close Slightly Lower, Ending The Week Flat

U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases.

The main benchmarks ended the week roughly where they started. The S&P 500 fell 2.66 points, or 0.1%, to 2,801.83 and is flat over the week. The Dow Jones Industrial Average declined 6.38 points to 25,058.128, though it eked out a 0.2% weekly gains. The Nasdaq Composite Index fell 5.1 points, or less than 0.1%, to 7,820.20, also ending the week unchanged.

Among the biggest gainers on the S&P 500 on Friday, shares of Microsoft Corp. rallied 1.8% after quarterly earnings results.

Source : Market Watch

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Sumber : bpfnews.com

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

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

U.S. Stocks Push Higher as Banks Gain; Dollar Rises

U.S. equities pushed higher, led by gains in financials and industrial companies, after Morgan Stanley earnings beat forecasts, helping to offset a slide in tech stalwarts such as Apple and Microsoft.

With Morgan Stanley’s results Wednesday, the six largest U.S. banks have reported second-quarter earnings that mostly surpassed estimates, helping to push the S&P 500 Financials Index 2.8 percent higher since Friday. The dollar strengthened as Federal Reserve Chairman Jerome Powell testified before Congress on the U.S. economy after delivering an upbeat assessment Tuesday, helping spur declines in raw materials prices and emerging-market currencies.

The S&P 500 Index rose 0.3 percent of 11:50 a.m. in New York. The Dow Jones Industrial Average gained 0.2 percent. The Nasdaq Composite Index slumped less than 0.1 percent from a record high of 7,855.12.

Source : Bloomberg

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Sumber : bpfnews.com

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