The Dow has hit a new record high at the end of a week in which investors largely shrugged
off trade worries.
The Dow Jones Industrial Average rose 69.43 points,
or 0.26% to 26,726.41, the S&P 500 lost 1.5
points, or 0.05%, to 2,929.25, and the Nasdaq Composite
dropped 41.28 points, or 0.51% to 7,986.96.
US shares hit record levels
BBC Radio 4
Shares on Wall Street saw record highs overnight as trade war worries subsided.
James Bevan, chief investment officer at CCLA Investment Management, says that US President Donald Trump's tax cuts have helped to boost corporate earnings.
"Many people anticipated there would be a growth in revenue growth, such that the third quarter numbers are expected to be even better than the very strong second quarter numbers," Mr Bevan told the Today programme.
"People are now talking about at least $160 of index earnings this year, about $175 the next year, and that means the US equities market can continue higher for those who take that view."
However he said that markets would likely be subject to correction when the Federal Reserve meets in October.
Wall Street closes higher
The Dow Jones and S&P 500 both hit fresh highs on Thursday, as investor concerns about trade eased and focus shifted to the strength of the US economy.
The Dow, which had been slower than other indexes to make up recent losses, jumped almost 1% to close at 26,656.98 - a level last seen on 26 January.
The S&P 500 gained 0.8% to 2,930.75 while the
Nasdaq rose 1% to 8,028.23.
S&P and Dow hit intra-day highs
The S&P 500 and the Dow Jones Industrial Average have both hit
all-time intraday highs, with the Dow setting a new record for
the first time in eight months.
Trade concerns seemed to be receding after sparking a
sell-off to start the week, with investors pointing to a strong
US economy as underpinning stocks' strength.
Gains were broad across sectors, while stocks in major firms such as Microsoft, Apple, and Amazon, were
giving the biggest boosts to the S&P 500.
"The economic numbers are good and people are fueled by
that," said Alan Lancz, president of advisory firm Alan B. Lancz &
"What we're seeing is more of a fear of missing out," Mr Lancz
added. "We are hitting new highs for first time since January on
the Dow and that confirmed a lot of momentum players."
Wall Street higher as tech stocks bounce back
US stocks rose at the open with the
S&P 500 hitting a record high helped by a bounce
back in technology stocks and relief that fresh US and China
tariffs were less damaging than feared.
The Dow Jones Industrial Average rose 113.63 points,
or 0.43%, at the open to 26,519.39. The S&P 500
opened higher by 11.78 points, or 0.41%, at 2,919.73. The
Nasdaq Composite gained 43.49 points, or 0.55%,
to 7,993.53 at the opening bell.
Wall Street bounces back
US stocks have closed higher after new tariffs were announced by both the US and China in an escalating trade war.
"[The trade dispute] has escalated to a point where finally
we're probably getting closer to a resolution," said Chuck
Carlson, chief executive of Horizon Investment Services. "It's almost as if we're getting down to
the brass tacks of both countries having not too much more room
The Dow Jones Industrial Average rose 185.51 points to
26,247.63, the S&P 500 gained 15.56 points points closing at 2,904.36 and the Nasdaq Composite
added 60.32 points, finishing at 7,956.11.
Wall Street higher on tariff optimism
Two of the main US stock indexes are higher in early trading, buoyed up by a rise in oil
prices and concessions that analysts say make the latest round
of trade tariffs on China less damaging than initially feared.
President Trump holding the tariff rate at 10% for the
moment plus a series of exclusions for goods
including smartwatches produced by Apple and Fitbit
strengthened the technology stocks seen as most exposed
to a still worsening trade war.
"Rather than going ahead with the full 25%, the
administration will wait till end of the year, this minimises
the overall impact," said Scott Brown, chief economist at
Raymond James in St. Petersburg, Florida.
"There's this hope that this move is going to lead China to
the bargaining table again and most market participants think
everything is going to turn out OK."
The Dow Jones Industrial Average is up 83 points at 26,145.
The S&P 500 is down 17 points at 2,889.
The Nasdaq Composite is up 42 points at 7,936.
Nasdaq extends fall
The Nasdaq is now down 1.1% at 7,922.07 following reports Donald Trump will make an announcement about China trade after the closing bell.
He is expected to announce tariffs on an additional $200bn of Chinese goods.
The Dow Jones Industrial Average is now down 0.25% at 26,090.33.
The S&P 500 is off 0.36% at 2,894.41.
Dow Jones and S&P 500 dip
Away from the Nasdaq, other US indexes are also trading lower.
The Dow Jones Industrial Average is down 0.13%, or 33.46 points, at 26,121.21.
The S&P 500 has fallen 0.33% to 2,895.25.
Subdued open for US stocks
The Dow Jones Industrial Average has opened down 10.83 at 26,143.84.
The Nasdaq has also begun the day and the week trading lower, off 16.92 points at 7,993.12.