Global stocks were widely mixed to end the week (只備英文版)
US stocks were mixed Friday — the Dow Jones industrials were up 0.3 percent, the S&P was down 1.0 point and the Nasdaq retreated 0.5 percent. Strong earnings from Procter & Gamble were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. On the week, the Dow added 0.4 percent, the S&P inched up 0.6 point and the Nasdaq was 0.6 percent lower. Recent jitters regarding global trade tensions and rising interest rates, which have weighed US stocks continued this week. Traders seemed reluctant to make more significant moves, however, as concerns about rising interest rates and tension between the US and Saudi Arabia continued to weigh on the markets.
Global stocks tumbled on trade worries and reaction to the FOMC minutes (只備英文版)
US shares tumbled Thursday and ended in negative territory. The Dow Jones industrials were down 1.3 percent, the S&P lost 1.4 percent and Nasdaq retreated 2.1 percent. The sell-off came after Treasury Secretary Steven Mnuchin announced he will not attend an upcoming investment conference in Saudi Arabia. Mnuchin joins several other top executives and international finance leaders that have dropped out of the conference.