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Stocks rally, oil gains on revived U.S.-China trade hopes

39 mins ago NAMEX Comments Off on Stocks rally, oil gains on revived U.S.-China trade hopes
NEW YORK (Reuters) – Crude prices rose and global equities markets rallied on Friday, with the major U.S. indexes setting record highs, on renewed optimism the United States and China are nearing a deal to de-escalate a 16-month trade war that has crimped global growth. Traders work on the floor at the New York Stock Read More

Trade deal hopes, surging health stocks power Wall Street to highs

39 mins ago NAMEX Comments Off on Trade deal hopes, surging health stocks power Wall Street to highs
(Reuters) – Wall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, 2019. Read More

GLOBAL MARKETS-U.S.-China trade hopes revive stocks, crude rises

2 hours ago NAMEX Comments Off on GLOBAL MARKETS-U.S.-China trade hopes revive stocks, crude rises
NEW YORK (Reuters) – Crude prices and global equities markets rose on Friday, with the major U.S. indexes setting record highs, on renewed hopes that the United States and China will reach a deal to de-escalate a 16-month trade war that has crimped global growth. Traders work on the floor at the New York Stock Read More

Wall Street Weekahead: Sagging consumer discretionary shares look for a spark

4 hours ago NAMEX Comments Off on Wall Street Weekahead: Sagging consumer discretionary shares look for a spark
NEW YORK (Reuters) – The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. FILE PHOTO: Traders work on the floor at the New York Read More

GLOBAL MARKETS-U.S.-China trade hopes revive stocks, yields rise

6 hours ago NAMEX Comments Off on GLOBAL MARKETS-U.S.-China trade hopes revive stocks, yields rise
NEW YORK (Reuters) – Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite. Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

GLOBAL MARKETS-U.S.-China trade hopes revive stocks, protests leave scars

9 hours ago NAMEX Comments Off on GLOBAL MARKETS-U.S.-China trade hopes revive stocks, protests leave scars
LONDON (Reuters) – Hopes of a U.S.-China trade deal turned world stock markets and other risk assets higher on Friday, though an escalating wave of global protests from Hong Kong to Chile left some deep scars. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. Read More

UPDATE 1-European shares set for sixth week of gains on bullish trade talk

12 hours ago NAMEX Comments Off on UPDATE 1-European shares set for sixth week of gains on bullish trade talk
(Reuters) – European shares were moving closer to a sixth-straight week of gains on Friday following a record close on Wall Street after bullish comments from a White House official on U.S.-China trade talks boosted appetite for riskier assets. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

Buffett’s Berkshire invests in Restoration Hardware, whose shares rise

21 hours ago NAMEX Comments Off on Buffett’s Berkshire invests in Restoration Hardware, whose shares rise
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Thursday disclosed a new investment in RH (RH.N), boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s Read More

Stocks, yields slip as investor sentiment wavers

1 day ago NAMEX Comments Off on Stocks, yields slip as investor sentiment wavers
NEW YORK (Reuters) – World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the U.S.-China trade war’s impact on global growth. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

S&P 500 notches record, shakes off Cisco’s gloomy outlook

1 day ago NAMEX Comments Off on S&P 500 notches record, shakes off Cisco’s gloomy outlook
(Reuters) – The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More