Offbeat: S&P 500 goes for 5-day winning streak as chip stocks rise - PressFrom - US
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Offbeat S&P 500 goes for 5-day winning streak as chip stocks rise

16:55  14 september  2018
16:55  14 september  2018 Source:   cnbc.com

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© Provided by CNBC Stocks traded slightly higher on Friday, led by gains in semiconductor shares. The Dow Jones Industrial Average rose 51 points as Boeing and Goldman Sachs outperformed. The S & P 500 gained 0.1 percent, led by tech and financials. The Nasdaq Composite rose 0.2 percent.

The S & P 500 posted a marginal gain on Friday to end the week as chipmaker stocks rose . Gains were capped, however, as reports said President Donald Trump "I think investors are realizing that these trade negotiations are going to go on for a while. More and more you're seeing a muted reaction the

a man sitting in front of a computer© Provided by CNBC Stocks traded slightly higher on Friday, led by gains in semiconductor shares.

The Dow Jones Industrial Average rose 51 points as Boeing and Goldman Sachs outperformed. The S&P 500 gained 0.1 percent, led by tech and financials. The Nasdaq Composite rose 0.2 percent.

The VanEck Vectors Semiconductor ETF (SMH) rose about half a percent as shares of Nvidia gained more than 1 percent. Nvidia shares rose after Needham hiked its price target on them, noting the company's "dominance" in machine learning gives the stock more upside. Advanced Micro Devices also rose 2.4 percent.

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(CNBC) Stocks were little changed on Friday as reports said President Donald Trump wants to move forward with tariffs on 0 billion in Chinese goods offset strong gains in chipmaker shares. The S & P 500 declined just 0.01 percent, while the Nasdaq Composite slipped 0.1 percent.

Financials also rose 0.6 percent as the 10-year Treasury note yield broke above 3 percent, its highest since Aug. 2. J.P. Morgan Chase and Bank of America both climbed about half a percent, while Morgan Stanley and Goldman Sachs gained 1.5 percent and 0.9 percent, respectively.

The S&P 500 was on track to post its fifth straight day of gains as well as notch solid weekly gains. Entering Friday's session, the broad index was up 1.1 percent for the week. Investors have been cheering the possibility of renewed trade talks with China and a rebound in tech shares.

"The biggest driver this week is the optimism around renewed trade talks with China," said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. "Trade has been the only thing holding this market back."

Stocks close higher as tech rebound offsets trade worries

  Stocks close higher as tech rebound offsets trade worries Stocks ended higher Tuesday as a rebound in tech shares offset lingering concerns over trade.Load Error

Stocks rose on Thursday, but gains were capped as disappointing holiday sales from Macy' s and a revenue guidance cut from American Airlines pressured retail and airline shares. Fear that the U. S . government shutdown might continue for a long time also weighed on stocks .

The Dow Jones Industrial Average and the S & P 500 exited correction territory Thursday, with the stock market rising for a fifth session in a row as Federal Reserve Chairman Jerome Powell reiterated the central bank’ s commitment to proceeding with caution on the monetary policy.

Sources familiar with these negotiations told CNBC on Wednesday that the States was in the early stages of proposing a new round of trade talks with China in the near future.

This comes after a week of turmoil between the two nations, which saw China looking to seek permission from the World Trade Organization to inflict sanctions upon the U.S., and President Donald Trump stating last week that he was "ready to go" on hitting China with an additional amount of tariffs.

Shares of Boeing and Caterpillar — considered bellwethers for global trade — were up 1.8 percent and 3 percent, respectively, this week.

Jeff Saut, chief investment strategist at Raymond James, said in a note the renewed optimism around trade signals an opportunity to invest in Chinese shares. "If there is progress on trade in the coming weeks, that should help at least partially take the anchor off Chinese stocks and improve the terrible sentiment that still exists among investors," he said.

Stocks slip after China cancels trade talks with the US .
<p>Stocks opened lower on Monday as the trade war between the U.S. and China escalated with further tariffs and the cancellation of trade talks between the two countries is cancelled.</p>The Dow Jones Industrial Average fell 64 points with McDonald's and Microsoft lagging. The S&P 500 dipped 0.3 percent while the Nasdaq Composite dropped 0.7 percent. Declines in Facebook, Amazon, Netflix, Google-parent Alphabet and Apple pushed the Nasdaq lower.

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