Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal.
It's trade that could be the big factor for the market. In the past week, stocks barely budged when trade news pointed to a possible lack of progress and the focus was on demands by the Chinese to roll back tariffs. But stocks turned around and rallied Friday on comments from White House top economist"Honestly, next week it's going to be everyday: 'Give me the details on the trade deal,'" said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
As stocks rallied to new highs in the past week, Treasury yields backed off recent highs. The 10-year Treasury, after hitting a high yield of 1.97% the week earlier, was at 1.83% Friday. Yields move opposite price, Emanuel said the impeachment hearing is not impacting the market and investors are ignoring it for now. "If headlines from Washington between Republicans and Democrats become more contentious that could become a focus as well," he said. But for now, investors do not expect the Senate to find that President Donald Trump did anything wrong though he will probably be impeached by the House.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Dow nears 28,000 as stocks rallyUS stocks are rallying Friday as the Dow is zeroes in on breaking through 28,000 points for the first time in history.
Read more »
Dow hits 28,000 for the first timeThe Dow just climbed above 28,000 points for the first time in history. All three major US stock indexes closed at record highs, ending yet another week in the green.
Read more »
Dow jumps more than 200 points to 28,000, posts 4-week winning streakThe Dow hit a fresh record high on Friday, surpassing 28,000 for the first time ever. The S&P 500 and Nasdaq also made new all-time highs, as stocks move on trade headlines.
Read more »
I Tried Sephora’s Best-Selling Green Primers, and Here’s How They RankedYou've seen my before, now wait until you see my afters.
Read more »
What to watch today: Dow to rise, Kudlow positive on trade and Taylor Swift fights for her songsU.S. stock futures are pointing to a higher open on Wall Street, following positive comments on U.S.-China trade talks by White House economic adviser Larry Kudlow.
Read more »
Stocks retreat from record closes for S&P 500 and Dow as U.S. - China trade talks stallU.S. stocks pull back Thursday, drifting lower a day after the Dow Jones Industrial Average and S&P 500 eked out record closes.
Read more »