Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets close slightly higher on Friday


US markets close slightly higher on Friday

The US markets ended slightly higher on Friday, as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. The Wall Street Journal late Friday indicated that talks between the US and Canada had broken off with no agreement before an unofficial White House deadline of Friday. The US Trade Representative's office cited progress in talks that were constructive to revise the North American Free Trade Agreement. It said talks would resume on September 5. Trump sent a formal notice to Congress stating that he still intends to sign a revised version of Nafta by late November. That statement is likely to say he is willing to proceed only with Mexico, but that he is also open to continuing negotiations with Canada.

On the economic front, the August Chicago purchasing managers index came in at 63.6, compared with estimates for a reading of 63.8. Still, the data were above the July reading of 65.5. Any reading above 50 indicates improving conditions. Meanwhile, the final reading of the University of Michigan's consumer-sentiment index in August was 96.2, below July's level of 97.9, but above estimates for 95.5. Despite the improvement, the sentiment level is at its lowest level since January.

The S&P 500 gained 0.39 points or 0.01 percent to 2,901.52 and Nasdaq was up by 21.17 points or 0.26 percent to 8,109.54, while Dow Jones Industrial Average declined 22.10 points or 0.09 percent to 25,964.82.

Related News

View all news

All Asian markets trade in green in early deals on Friday

All of the Asian markets are trading in green in early deals on Friday, following the record highs overnight on Wall Street's S&P 500, while the US dollar weakened as worries about trade tensions......

US markets end significantly higher on Thursday

The US markets ended significantly in green terrain on Thursday, as traders continued to shrug off concerns about the escalating trade dispute between the U.S. and China. Traders also took some encouragement......

Asian markets trade mostly in green on Thursday

Most of the Asian markets are trading in green on Thursday, following the mostly positive cues overnight from Wall Street as investors set aside concerns over a full-blown global trade war between US and......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......