Dow posts largest weekly gain in 3 months

mw logo social

Dow’s brief pivot into positive territory supported by McDonald’s, P&G stocks

The Dow Jones Industrial Average was attempting to turn higher and extend a multiday string of victories to a third day on Friday, with gains in shares of McDonald’s Corp. and Procter & Gamble Co. lifting the the blue-chip benchmark. The Dow was trading near break-even territory in late-morning action, up less than 0.1% at 25,250, but the levels represented a paring of an opening slump of more than 75 points at session lows, according to FactSet data. The S&P 500 index also was trimming its earlier decline to trade flat at 2,769, as was the Nasdaq Composite Index at 7,625, most recently. Tensions around global trade, amid a gathering of seven prominent developed economies, including the U.S. and those in Europe, known as the G-7, was sparking unease in the early session, as investors express anxieties about President Donald Trump’s protectionist policies and the potential impact of tariff clashes on the domestic and global economies.

Read on Market Watch


Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About