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Stocks closed higher on Friday as investors tried to shake off jitters concerning trade tensions between the U.S. and China, with energy shares rising.
Industrial giant General Electric has been removed from the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance.
Shares of ZTE sank after the U.S. Senate passed a defense bill that had implications for an agreement struck with the Chinese telecommunications equipment maker.
Soybean futures plunge to their lowest in more than nine years following renewed concerns about a U.S.-China trade war.
Stocks fell on Monday as a potential trade war between the U.S. and China — the world’s largest economies in the world — left Wall Street rattled.
Foreign governments pulled back their purchase of U.S. debt as trade tensions escalated. One of the most glaring declines has come from Russia, which sliced its holdings nearly in half from March to April, from $96.1 billion to $48.7 billion.
Traders said the odds for a hike in December, which would follow one likely in September, rose to 58 percent.
Stocks opened lower on Friday, with tensions between the U.S. and key trade partners rising as the G-7 summit kicked off.
Stocks rose on Wednesday as bank shares rallied on higher interest rates, while Boeing rose.
A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session.
Stocks fell on Thursday after President Donald Trump slapped tariffs on the European Union, Mexico and Canada, sparking fears the U.S. could enter a trade war with some key partners.
Sara Eisen takes a look at the challenges facing consumer staple companies.
B. Riley FBR’s Mark Grant says uncertainty about the euro’s future could push the dollar even higher, a headwind for corporate earnings.
Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could hit the global economy.
U.S. stocks dropped on Tuesday after President Donald Trump said a highly anticipated summit with North Korea may not happen after all.