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Here’s what happened to the stock market on Friday

Here’s what happened to the stock market on Friday

Finance
Dow Jones Industrial Average rises 6 pointsS&P 500 extends weekly win streak to 5The S&P 500 posted its fifth straight weekly gain while the Dow rose for a third consecutive week. The Nasdaq, meanwhile, notched its sixth straight weekly gain. The major averages also hit record highs this week as sentiment around U.S.-China trade generally improved. Better-than-expected earnings from companies such as Disney and Qualcomm also contributed to the weekly gains. To be sure, President Donald Trump poured cold water on the trade optimism, saying has not agreed to roll back existing tariffs. Earlier in the week, multiple reports suggested China and the U.S. were ready to scrap tariffs as part of a phase-one deal.Disney gains on earningsDisney shares gained 3.76% after the company posted Th...
Here’s what happened to the stock market on Wednesday

Here’s what happened to the stock market on Wednesday

Finance
Dow Jones Industrial Average rises 115 pointsThe Dow gained 115.27 points, or 0.43% to close at 27,186.83. The S&P 500 climbed 0.33% to 3,046.77. The Nasdaq Composite advanced 0.33% to 8,303.98. The Federal Reserve struck the right tone with investors, noting it is a long way from hiking rates.Fed hits right noteThe Fed managed to walk a tight rope of keeping the door open to further rate cuts but raising the bar for further policy moves moving forward. The central bank removed a phrase from its statement that said the Fed will " to sustain the current expansion. This signaled a pause to Fed rate cuts. However, Fed Chairman Jerome Powell also said inflation would need to rise significantly before the central bank thinks about hiking.GE shares surge, Yum Brands crumblesGE shares surged ...
Global stock markets fall with FTSE 100 worst-hit

Global stock markets fall with FTSE 100 worst-hit

Business
Global stocks have fallen sharply with the UK's FTSE 100 suffering its worst day in over three-and-a-half years.The blue-chip index lost over 3% in its worst day since January 2016. US and European stock markets also dropped.The falls came after poor US jobs and manufacturing figures and a World Trade Organization decision paving the way for $ 7.5bn in US tariffs on EU goods.Analysts said these factors had sparked fears over the strength of the global economy.In Europe, Germany's main index, the Dax, closed 2.8% lower, while France's Cac 40 lost over 3%.In the US, the Dow Jones Industrial Average ended trading 1.9% lower, marking the second day in a row it has lost more than 1%.The S&P 500 fell 1.8% while the Nasdaq, which is largely made up of techno...
Here’s what happened to the stock market on Monday

Here’s what happened to the stock market on Monday

Finance
Dow Jones Industrial Average rises 96 pointsThe Dow rose 96.58 points, or 0.4% to close at 26,916.83. The S&P 500 gained 0.5% to end the day at 2,976.73. The Nasdaq Composite advanced 0.8% to 7,999.34. Monday's moves came as investors monitored the latest developments around U.S.-China trade talks and wrapped up a volatile third quarter.Trump administration denies restrictions on Chinese companiesStocks rose after the Trump administration pushed back on reports from last week about the U.S. restricting Chinese companies. A Treasury spokeswoman said over the weekend the administration "is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time." White House trade advisor Peter Navarro also characterized the reports as inaccurate. Negotiators...