Close Update: Dow Outpaces Other Major US Market Indexes Friday Amid US-China Trade Optimism

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US stocks rallied Friday ahead of the holiday weekend amid renewed optimism for a resolution of the trade dispute between the US and China. Markets are closed on Monday for the Martin Luther King holiday.

The Dow Jones Industrial Average gained 1.4%, while the S&P 500 added 1.3%. The Nasdaq Composite Index lagged slightly, climbing 1%. Shares of industrial, energy and financial companies helped power the S&P 500 higher.

For the week, the Dow gained just under 3%, while the S&P 500 added 2.9% and the Nasdaq gained 2.7%.

Stocks were boosted early by positive corporate profi t report s and dovish talk from NY Fed President John Williams, who said interest rates are near "normal levels" and the Fed needs a patient approach to monetary policy.

Stocks were bolstered further by a Bloomberg News report that said China had offered to increase its imports of goods from the US over a six-year period and cut its trade surplus with the US to zero.

Crude oil prices surged Friday, helping drive the NYSE Energy Index up 1.7%. West Texas Intermediate crude for February delivery jumped 3%.

US stock markets are closed Monday in observance of the Martin Luther King Jr. holiday.


Dow Jones Industrial Average was up 336.25 points (+1.38%)

S&P 500 was up 34.75 points (+1.32%)

Nasdaq Composite Index was up 72.76 points (+1.03%)


FTSE 100 was up 1.95% to 6,968.33

Hang Seng Index was up 1.25% to 27,090.81

Shanghai China Composite Index was up 1.42% to 2,596.01


(+) MOXC (+82.10%) Announced partnership with Fujian

(+) UPL (+29.87%) Ruling to pay $400 million to creditors was reversed

(+) OZK (+16.16%) Beat Q4 EPS, revenue estimates

(+) ATIS (+17.65%) Sunoco to sell ethanol plant to Attis Industries


(-) NLS (-40.46%) Issued weak Q4, FY18 revenue outlook

(-) TYME (-35.39%) Reported disappointing data from SM-88 study

(-) IMMU (-26.42%) Fails to win FDA approval for breast cancer drug

(-) CASA (-22.17%) Expects to report Q4 results below expectations, lowered FY18 sales guidance

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This article appears in: Investing , Stocks
Referenced Symbols: MOXC , UPL

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