S&P 500 Industrial Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.22%, the Dow Jones Industrials Index ($DOWI) closed up +0.39%, and the Nasdaq 100 Index ($IUXX) closed up +0.08%.
U.S. stock indexes posted modest gains Friday on positive trade news along with stronger-than-expected U.S. economic data.
Some trade optimism emerged after Chinese President Xi Jinping said Friday that China wants to work toward a phase one trade agreement with the U.S. on the "basis of mutual respect and equality." Comments Friday from President Trump were also supportive for stocks when he said he is "very close" to a trade deal with China.
The markets remain cautious on trade, however, as they wait to see if President Trump will sign the Hong Kong legislation approved by Congress on Wednesday. China has warned against final approval of that bill and the markets are concerned that President Trump's signature on the bill could hurt the trade talks. Mr. Trump said Friday he may veto the bill in order t... Read more