Stocks rallied over night as President Trump announced a trade deal between the U.S. and the U.K., which he described as the “first of many,” stoking hopes for a flurry of trade deals ahead.
Stocks swung between gains and losses before closing higher overnight, as rise in chip stocks helped offset a slump in Alphabet and the Federal Reserve hawkish pause.
Stocks drifted lower overnight as investors mulled the lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due tomorrow morning.
Stocks snapped a nine-day winning streak, driven by a fall in energy and caution as traders awaited an update on trade deals as US ports empty and investors await the Fed decision due later this week.
After a chaotic April, what next for markets?
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Stocks closed higher for a ninth-straight day Friday, notching its longest winning streak in more than 20 years as a strong jobs growth as well as on hopes of a lessening of tensions between China and the U.S. over trade.
Anticipating next week’s company earnings and economic figures.
ANZ NAB WBC MQG NOVO AMD
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The positive tone during the US days session from yesterdays Meta and Microsoft earnings results was dampened as Apple and Amazon disappointed the market with tariff uncertainty casting a shadow over the results
