The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.
U.S. stocks climbed and the Dow and Nasdaq posted a ninth straight week of gains on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.
Mounting troubles at Kraft Heinz, revealed late on Thursday with a triple-punch of bad news, call into question its reliance on cost-cutting as a way to generate profit growth.
Intel Corp executives said on Friday its 5G modem chips will not appear in mobile phones until 2020, raising the possibility its biggest customer, Apple Inc, will be more than a year behind rivals in delivering a device that uses the faster networks.
Credit reporting company Equifax Inc said it was informed by several U.S. regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people.
General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains.
| S&P » | 2,792.67 | +0.64% |
| Dow » | 26,031.81 | +0.70% |
| FTSE 100 » | 7,178.60 | +0.16% |
| Nikkei 225 » | 21,425.51 | -0.18% |
| US 10YR |
+2.648
|
-0.040 |
| DE 10YR |
+0.089
|
-0.009 |
| JP 10YR |
-0.040
|
-0.002 |
| USD / EUR » | 0.8825 | +0.06% |
| USD / GBP » | 0.7661 | +0.01% |
| USD / JPY » | 110.6400 | -0.05% |