Wall Street higher thanks to trade optimism

Wall Street higher thanks to trade optimism


The stock exchanges in New York are closed higher on Friday. The trade received some support from comments from President Donald Trump that China wants to conclude a trade deal and possibly abandon further import duties on Chinese goods. Chip company Nvidia had a very bad day due to disappointing figures and expectations.

The Dow-Jones index ended 0.5 percent higher at 25.413.22 points. The broad S & P 500 rose 0.2 percent to 2736.14 points. The technology exchange Nasdaq yielded 0.2 percent to 7247.87 points.

Trump said that China has drawn up a fairly complete list of trade proposals, although it is not yet complete. Trump will meet with Chinese president Xi Jinping later this month at the G20 meeting in Argentina. Trump had already said that he would like to come to a trade agreement with the Chinese.

Nvidia was almost 19 percent down. The group that also makes graphics cards came Thursday with outlook for the current quarter, which were much weaker than expected, partly due to a sharp decline in demand for crypto coin extraction. AMD also had trouble with a decline of almost 4 percent.

Department store chain Nordstrom got a loss of almost 14 percent. The results and outlook were bad for investors. Viacom also came out with figures. The film and television company posted higher sales than expected in the past quarter, helped by good performance by the Paramount film studio. In contrast, net profit was lower.

Industrial group General Electric (GE) delivered 1.8 percent. GE has sold a portfolio of lease agreements for healthcare equipment to an investor for $ 1.5 billion. The Canadian technology company BlackBerry, which also has a listing in New York, wants to incorporate digital security Cylance. BlackBerry rose 1.2 percent.

The euro was worth $1.1416, against $1.1407 at the closing in Europe. A barrel of American oil won 0.6 percent at $56.79. Brent oil climbed 0.5 percent to $66.98 a barrel.

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I am a lecturer at the University of Economics in Bratislava, department of Banking and International Finance. I have a Ph.D. academic degree, my dissertation was focused on major markets. Commodities and stock markets are also the main focus of my research and publication activities. I have approximately 10 years of investing experiences. My investments mostly focus on small- to mid-cap companies of energy sector, financial and technology.