NEW YORK: Wall Street stocks finished a volatile session mostly higher on Friday after newly announced US policies to punish China did not threaten a trade detente between Washington and Beijing.AdvertisementThe broad-based S&P 500 gained 0.5 per cent to 3,044.31, while the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 9,489.87.
But Trump made no mention of the"phase one" trade agreement with China that walked back earlier trade tariffs, nor did he threaten new levies on US imports from the country. A US government survey showed a record 13.6 per cent drop in personal consumption in April, while personal income jumped 10.5 per cent due to the surge in government aid and unemployment payments under federal emergency spending measures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street has billions to lose in China from rising tensionsNEW YORK (BLOOMBERG) - Wall Street giants such as Goldman Sachs Group and JPMorgan Chase & Co have tens of billions of dollars at stake in China as political tension risks derailing the nation's opening of its US$45 trillion (S$63.8 trillion) financial market.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopensInvestors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US-China accident risk is highest in the South China SeaSINGAPORE (BLOOMBERG) - As China and the US trade barbs over everything from trade to Covid-19 to Hong Kong, the two powers are at greater risk of careering into physical confrontation. And nowhere are their warships and fighter jets coming as close to each other, with as much frequency, as the South China Sea.. Read more at straitstimes.com. impossible. US only bullies small fries, dare not even touch rocket man.
Source: The Straits Times - 🏆 8. / 63 Read more »
US bill to pressure China over Uighur rights goes to Trump for decisionWASHINGTON: The US House of Representatives overwhelmingly approved legislation on Wednesday (May 27) calling for sanctions on Chinese officials ... Why dont trump be the president if China, since he is so concerned abt China affairs and he will lose 2020 election? US bombs the Ummah to protect the Ummah
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong: Stocks hit by China-US stand-off[Hong Kong] Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its preferential status, in response to China's plans for a new security law in the city. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China parliament approves Hong Kong security bill as tensions with US riseHONG KONG/BEIJING — China's parliament approved a decision on Thursday (May 28) to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could jeopardise its special autonomy and freedoms.
Source: TODAYonline - 🏆 1. / 99 Read more »