Mon, 28 Sep 2020

Wall Street ends week flat Friday

Lola Evans
14 Sep 2019, 06:59 GMT+10

NEW YORK, New York - Strong U.S. retail sales and data showing a rise in U.S. consumer sentiment encouraged investors on Wall Street on Friday.

"We've had these small concessions back and forth, which at minimum gives investors some confidence that things are moving in the right direction," Joseph Sroka, chief investment officer at NovaPoint in Atlanta told Reuters Thomson on Friday.

Positive comments from U.S. President Donald Trump about an eventual deal with China on trade also had some impact.

In the end however two of the indices rifted into negative territory, while the Dow gained a little ground.

The U.S. dollar moved higher against a basked of currencies, but fell again a robust British pound and Australian dollar.

At the close on Friday, the Dow Jones Industrial Average was 36.28 points, or 0.13%, ahead at 27,218.73.

The Standards and Poor's 500 was flat, conceding 2.3 points, or 0.08%, to 3,007.27.

The Nasdaq Composite dipped 17.75 points, or 0.22%, to 8,176.71.

European markets made modest gains. The German Dax rose 0.47%. In Paris, the CAC 40 gained 0.22%. London's FTSE 100 climbed 0.31%.

On Asian markets , the Nikkei 225 in Japan was ahead 228.68 points or 1.05% at 21,988.29.

In China, the Shanghai Composite rose 22.42 points or 0.75% to 3,031.24.

The Australian All Ordinaries climbed 11.40 points or 0.17% to 6,777.10.

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