Wall Street stocks closed higher on Friday as investors remained focused on the bond market and US-China trade relations.
Strategists at Bank of America-Merrill Lynch sounded a 'bullish' note on stocks heading into September and for the longer-term.
Wall Street stocks opened higher on Friday as investors remained focused on the bond market and US-China trade relations.
Residential building activity slowed a tad last month, but not in the key segment of single-family homes and a lead indicator for the sector outpaced economists' expectations.
Wall Street futures were pointing to a positive session as investors remained focused on the bond market and US-China trade relations.
Wall Street trading finished mixed on Thursday, after a strong set of results from Walmart and some positive economic data helped to offset worries over China vowing to counter the latest round of tariffs from the White House.
A widely-followed proxy for commodity prices continued to flirt with its 52-week lows on Thursday amid ongoing strength in the US dollar against a backdrop of choppy trading in stockmarkets around the world as China said it would retaliate against the latest round of US trade tariffs and President Donald Trump responded that any deal had to be on American terms.
The focus at the weekend will be on the American consumer as the University Michigan releases a preliminary reading for consumer sentiment in August close on the heels of a much stronger than expected reading on retail sales in July.
Analysts at Jefferies gave the 'thumbs up' to Burford Capital's response to shareholder concerns about governance, reiterating their 'buy' recommendation and 2,400p target price for the shares.
Wall Street trading began on a positive note on Thursday as strong results from Walmart and some positive economic data helped offset worries around China vowing to counter the US' latest round of tariffs.
US industrial output recorded a large and unexpected drop in July, pointing to the possibility that at least in manufacturing the current downturn still had further to run, according to some economists.
Manufacturing sector conditions in the Federal Reserve Bank of New York's jurisdiction picked up in August.
Manufacturing activity in the US mid-Atlantic region held up better than anticipated in August, according to the results of one of the most closely-followed surveys of activity in the sector.
The American consumer continued to splash out at a faster than expected clip over the summer.
Futures were pointing to more losses on Thursday after China vowed to counter the US's latest round of tariffs on $300bn- worth of goods from the Asian superpower.
Chinese officials labelled US plans to levy a 10. 0% tariff on approximately $300. 0bn-worth of the nation's exports a violation of the agreement reached between the two countries at the G20 leaders' summit in Osaka, Japan, and indicated that Beijing would retaliate in kind.
Wall Street stocks turned in heavy losses by the closing bell on Wednesday, driven by much weaker than expected economic data out of China and a report that Washington was not in fact easing back in its trade war with Beijing.
Wall Street stocks turned in heavy losses at the opening bell on Wednesday, driven by much weaker than expected economic data out of China and a report that Washington was not in fact easing back in its trade war with Beijing.
Import prices in the US edged slightly higher in July as energy costs bounced back.
Wall Street futures were pointing to heavy losses at the opening bell on the back of much weaker than expected economic data out of China and following a report that Washington was not easing back in its trade war with Beijing.