MSCI's gauge of stocks across the globe pared losses to close little changed, down 0.03% on the day and just 1.3% from then all-time high set in January 2018. The Dow Jones Industrial Average rose 6.44 points, or 0.02%, to 27,681.24. The S&P 500 gained 7.9 points, or 0.26%, to 3,093.08 and the Nasdaq Composite added 40.80 points, or 0.48%, to 8,475.31.Earlier in Asia, shares retreated from six-month highs
NEW YORK: Oil prices faltered and global equity markets slipped on Friday, halting a week-long record-setting rally fueled on hopes a U.S.-China trade deal was near, as the latest statements out of Washington cast fresh doubts about progress between Beijing and Washington.
Optimism about a deal earlier in the week darkened after fierce opposition from the White House to rolling back existing tariffs surfaced on Thursday and after U.S. President Donald Trump reinforced that sentiment on Friday.
Limited time offer:
Just RM5 per month.
