Wall Street ends week of trading with gains

Friday, 15. March 2019 21:00

United States markets closed higher on Friday fueled by optimism related to the trade negotiations between Washington and Beijing. China stated earlier today that progress was made in trade negotiations, while US Treasury Secretary Steven Mnuchin asserted yesterday that the talks have been positive. He added, however, that a meeting between President Donald Trump and his Chinese counterpart Xi Jinping will not take place until a trade deal is reached.

The Dow Jones Industrial Average closed 0.53% in the positive territory. Intel Corporation ended 1.67% higher. The Nasdaq 100 increased 0.88% at the closing bell with Ulta Beauty Inc. soaring 8.29%. The S&P 500 added 0.50% at market close also led by Ulta Beauty Inc. gains.

Meanwhile, the euro was 0.15% higher compared to the dollar, changing hands for 1.1320 at 4:01 pm ET.

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Breaking the News / SS