| Symbol | Price | Change | %Change |
|---|---|---|---|
| I: Dji | $ 395.31 | -, 298.35 | -0.75 |
| SP500 | $ 5,224.02 | -44.03 | -0.84 |
| I: Comp | $ 16,239.22 | -, 148.09 | -0.90 |
Friday, the shares ended the final negotiation session of the week in the Green while the investors looked at the latest developments linked to the prices and the profits of Big Bank.
The industrial average of Dow Jones increased by 619.05 points, or 1.56%, while the composite S&P 500 and NASDAQ climbed 1.8%and 2%respectively.
China announced on Friday that it would increase prices on American products to 125%, compared to 84%. China said it had made the step in response to the United States US increases in the United States, but said it was not planning to retaliate against any potential increase in American prices.
“The US taxation by the United States of abnormally high prices on China seriously violates international economic and commercial rules, and also violates fundamental economic laws and common sense. It is a completely unilateral intimidation and a coercive practice,” said the Chinese Ministry of Finance.
The White House said on Friday afternoon that it was “optimistic” that China would conclude an agreement.
Helping to increase actions in the market prior to the market was the news that the head of the European Union, Maros Sefcovic, will go to Washington on Sunday for tariff talks.
“The Commerce Commissioner goes to Washington to try to sign agreements,” said Reuters, the European Commission, Olof Gill, said Reuters. “This is what we are focusing on.”
However, Gill said that “not all options are on the table if it does not lead to a good result”.
The actions gathered in the early afternoon while the big banks launched the season of the first quarter results on a positive note.
Friday, Jpmorgan Chase, Wells Fargo and Morgan Stanley all reported the bell.
During Thursday’s session, the shares dropped, the DOW finishing 1,014.79 points, or 2.5%. The composite S&P 500 and Nasdaq dropped by 3.46% and 4.31%, respectively.
