Main stock indices fall despite positive earnings
US stock indices extended losses Friday despite better than expected first quarter earnings. lost 0.9% to 2670.14 with ten of the 11 main sectors ending lower. S&P 500 gained 0.4% for the week though. Jones industrial average dropped 0.8% to 24462.94. The fell 1.3% to 7146.13. The accelerated strengthening as Treasury note yield hit the highest since January 2014: the live dollar index data show the , a measure of the dollar’s strength against a basket of six rival currencies, gained 0.5% to 90.31. Stock indices futures point to mixed openings today.
S&P 500 Daily Chart
European stocks log fourth straight weekly gain
European stocks pulled back Friday led by consumer goods shares. The Index slipped 0.03%, ending 0.7% higher for the week, however. Both the and British ’s continued the slide against the dollar. The lost 0.2% to 12540.50. France’s gained 0.4% and UK’s outperformed rising 0.5% to 7368.17. Indices opened mixed today.
Asian markets mostly lower
Asian stock indices are mostly lower today with traders cautious while geopolitical tensions on the Korean peninsula are easing after Kim Jong Un said he would suspend further tests of atomic bombs and intercontinental ballistic missiles. lost 0.3% to 22088.04 despite the ‘s slide against the dollar. Chinese stocks are lower: the is down 0.1% and Hong Kong’s Index is 0.6% lower. Australia’s is up 0.3% as Australian extends its slide against the greenback.
Brent futures prices are edging higher today. Prices rose Friday, paring losses after President Trump’s Twitter message blaming the Organization of the Petroleum Exporting Countries for “artificially high” prices. Brent for June settlement rose 0.4% to close at $74.06 a barrel Friday.
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