Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US market end higher on Friday

28-Jan2019

US market end higher on Friday

The US markets ended higher on Friday as investors focused on a broadly positive picture painted by earnings season so far.  Support also came as US Treasury Secretary Steven Mnuchin reportedly said the US and China are making a lot of progress in trade talks. Mnuchin is looking forward to a meeting with Chinese Vice Premier Liu He next week, which will also include discussions on currency issues. Besides, Stocks remained firmly positive as President Donald Trump announced an agreement to end the record-setting government shutdown. Trump revealed in a speech from the White House rose garden that lawmakers will vote later today on legislation to fund the shuttered parts of the government until February 15. The bill will not include money for Trump's controversial border wall, which was the issue that led to the longest government shutdown in US history.

Trump indicated that the three weeks of funding provided by the legislation will give lawmakers time to negotiate on the contentious issue of border security. Trump said 'Many disagree, but I really feel that, working with Democrats and Republicans, we can make a truly great and secure deal happen for everyone'. With the announcement, Trump seemed to give in to Democratic demands to re-open the government before negotiating on border security. Though, if an agreement on border security is not reached by February 15, Trump suggested the government could shut down again or he could declare the situation on the border a national emergency.

Dow Jones Industrial Average surged 183.96 points or 0.75 percent to 24737.20, Nasdaq gained 91.40 points or 1.29 percent to 7164.86 and S&P 500 was up by 22.43 points or 0.85 percent to 2664.76.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......