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Still, others warn that the market’s up-and-down roller coaster ride this week could be the new normal. “While days like today feel good, we still anticipate more economic weakness ahead and expect a continued back-and-forth grind in markets,” said Eric Freedman, chief investment officer at U.S. Bank Wealth Management in Minneapolis. News that China and the United States would hold trade talks in Beijing next week helped tariff-vulnerable industrials lead the Dow’s rally, headed by Caterpillar Inc (CAT.N), United Technologies Corp (UTX.N), 3M Co (MMM.N) and Boeing Co (BA.N).
The Dow Jones Industrial hugo boss cufflinks Average .DJI rose 746.94 points, or 3.29 percent, to 23,433.16, the S&P 500 .SPX gained 84.05 points, or 3.43 percent, to 2,531.94 and the Nasdaq Composite .IXIC added 275.35 points, or 4.26 percent, to 6,738.86, All 11 major sectors of the S&P 500 ended the session in positive territory, with technology, communications services .SPLRCL, materials .SPLRCM and industrial .SPLRCI stocks seeing the largest percentage gains, Apple shares rose 4.3 percent and led the tech sector’s advance as the company began to recover ground lost after warning of a holiday quarter revenue shortfall on Wednesday..
Each of the FAANG momentum stocks, a group that includes Facebook Inc (FB.O), Apple, Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O) and Google parent Alphabet Inc (GOOGL.O) were trading higher. Netflix jumped 9.7 percent after Goldman Sachs added the streaming service to its “conviction list.”. Advancing issues outnumbered declining ones on the NYSE by a 7.64-to-1 ratio; on Nasdaq, a 6.22-to-1 ratio favored advancers. The S&P 500 posted no new 52-week highs and 1 new low; the Nasdaq Composite recorded 5 new highs and 19 new lows.
WASHINGTON/BEIJING (Reuters) - President Donald Trump on Friday downplayed hugo boss cufflinks a revenue warning from Apple Inc that cited slowing sales in China and said China’s weakening economic growth puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week, Trump has slapped import tariffs on hundreds of billions of dollars of Chinese goods as he seeks concessions from Beijing on issues ranging from industrial subsidies to hacking, sparking retaliation by China, The measures have disrupted trade, hurt manufacturing, roiled international markets and slowed the global economy..
U.S. officials are heading to Beijing next week for the first face-to-face talks since Trump and China’s President Xi Jinping in December agreed to a 90-day truce in the trade war as they sought to strike a deal. “I think we will make a deal with China,” Trump told reporters at the White House after a meeting with Democratic and Republican lawmakers about the U.S. government shutdown. “I really think they want to. I think they sort of have to.”. Beijing on Friday cut bank reserve requirements for a fifth time this year amid slowing growth at home and the punishing U.S. tariffs on exports.
“China’s not doing well now, And it puts us in a very strong position, We are doing very well,” Trump said, “I hope we’re going to make a deal with China, And if we don’t, they’re paying us tens of billions of dollars worth of tariffs — not the worst thing in the world.”, Official data this week showed manufacturing has slowed hugo boss cufflinks in both China and the United States, though the U.S, Labor Department on Friday reported a surge in new jobs in December along with higher wages..
The president downplayed the effects of the economic woes on U.S. technology giant Apple Inc (AAPL.O), which this week blamed slowing iPhone sales in China for a rare reduction in its quarterly sales forecast. When asked if he was concerned about Apple’s revenue cut and share price drop, Trump said: “No, I’m not. I mean look, they’ve gone up a lot.”. Shares of Apple rebounded on Friday after a 10 percent nosedive on Thursday on the revenue warning. The shares closed at $148.26 on Friday, down about 5.1 percent for the week. For the 2018 full year, Apple shares fell 7 percent, though they are up about 24 percent since Trump took office in January 2017.
“They’re going to be fine, Apple is a great company,” Trump said, adding he had told Apple Chief Executive Officer Tim Cook to build his company’s products at home in the United States, something he has harped on previously, “Apple makes its product in China, China is the biggest beneficiary of hugo boss cufflinks Apple, more than us, because they build their product mostly in China,” Trump said, “I want Apple to make their iPhones and all of the great things that they make in the United States, And that’ll take place.”..