The optimism is back on Wall Street after the lull in trade tensions

Investing.com – Wall Street has evolved to the up on Friday, investors are showing a cautious optimism after the us president, Donald Trump has softened its position against the giant chinese technology Huawei.

The S&P 500 rose 14 points, or 0.5%, at 15h50, while the Dow gained 149 points, or 0.6%, and the Nasdaq Composite has gained 56 points, or 0.7%.

Trump told reporters that if a trade agreement was concluded with China, Huawei – that he termed as “very dangerous” – could be included in one form or another. The news eased investors ‘ fears about a cold war technology between Washington and Beijing.

Trump will meet with his chinese counterpart Xi Jinping during the G20 meeting next month in Japan.

“We’ve had a hectic week. Investors have retreated to these levels, assessing the opportunities that lie ahead for the long weekend, ” said Andre Bakhos, director general of New Vines Capital.

Amazon.com (NASDAQ: AMZN) rose 1.3% after Piper Jaffray has stated that the giant of online commerce could be worth$ 3,000 per share in two years, while Facebook (NASDAQ: FB) gained 1.4% and Tesla (NASDAQ: TSLA) rose 0.3%.

Total System Services (NYSE: TSS) jumped 11.4% after the information of the discussions of a merger with Global Payments (NYSE: GPN).

Foot Locker (NYSE: FL) has dropped 17% after its comparable sales have not grown as much as expected by analysts in the first quarter.

In commodities, futures, gold declined 0.4% to 1 280,80$ a troy ounce, while crude oil jumped 0.8 percent to 58,41 dollars. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1% 97,620.

Like this post? Please share to your friends:
Leave a Reply