Indices Futures Prices

The S&P 500 Index ($SPX) on Friday closed up +0.39%, the Dow Jones Industrials Index ($DOWI) closed up +0.17%, and the Nasdaq 100 Index ($IUXX) closed up +0.53%.

U.S. stock indexes rallied to new record highs Friday on an easing of trade tensions along with strong economic data from the U.S. and China.

An easing of trade tensions has propelled stocks higher this week after the U.S. and China signed a phase-one trade deal on Wednesday. The deal leaves in place the bulk of U.S. tariffs on Chinese goods, but included Chinese promises to buy at least $200 billion of extra U.S. goods over the next two years and also included improved IP and technology-transfer protections for U.S. companies operating in China. Trade optimism also improved after the U.S. Senate on Thursday approved the USMCA agreement, which could spark new business investment now that the long-term rules are set for North American trade.

Stronger-than-expected Chinese economic data is positive for gl... Read more