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WE are now in September, with the Dow Jones up some 16.53% on a year-to-date basis despite the trade war woes and fears of an impending recession due to the signals being emitted by the inverted yield curve.
NEW YORK: Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank.
NEW YORK: Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month's trade negotiations with the United States.
BEIJING: China's forex regulator on Tuesday announced it would abolish the investment quota restrictions for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.
NEW YORK: The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favoured value over growth.
NEW YORK: US stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.
NEW YORK: WeWork is considering a valuation for its initial public offering that may be below US$20bil, Dow Jones reported, citing people familiar with the matter.
REVIEW: US President Donald Trump’s acknowledgement that the US equity markets could be faring much better had he not embarked on a trade war struck a note with investors this week.
NEW YORK: The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth.
SHANGHAI: China stocks ended higher on Friday, posting their best weekly gains since late June, as Beijing vowed to further boost the economy, while China-US trade tensions cooled.