Investing.com – Stocks finished modestly higher on Friday, thanks largely to gains from Walt Disney (NYSE:) and others.
The market managed to shrug off President Donald Trump’s comment in the morning that he hadn’t decided whether to rescind tariffs on Chinese goods scheduled for December.
The was up 0.26%. The added 0.48%. The Index rose 0.44%.
But the were down for most of the day but rallied to a tiny gain of 0.02% or 6.44 points. For much of the day, the Dow was held back by weakness in Boeing (NYSE:) after Southwest Airlines (NYSE:) said it doesn’t expect to be able to fly 737 MAX planes before March. Boeing was off 1.9%.
Walt Disney (NYSE:) gave the a big boost after reporting strong quarterly after Thursday’s close. The shares were up more than 3.5% on Friday and added nearly 33 points to the blue-chip index.
Health and technology stocks were the market sector leaders. Energy, utilities and real estate were the laggards.
For the week, the major indexes were up roughly 1%, with much of the gains built on hopes that a U.S.-China trade deal is all but done. Reports suggest the deal would include holding back on the December tariffs and perhaps tariffs imposed in September. Japan’s index hit a 52-week high on trade hopes as well.
Interest rates moved up again, with the Treasury yield at 1.942%, up from Thursday’s 1.922%. The yield jumped as high as 1.973% on Thursday, its highest level since the end of July.
In oil, moved higher, but futures fell in New York.
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