AM Report 6 Aug 18: Solid jobs but trade fears still linger

US sharemarkets rose on Friday, supported by firm economic data and earnings results. So far, 406 companies of the S&P 500 have reported earnings and 78.6% of results have beaten expectations. China unveiled new tariffs on 5,207 US goods including Liquefied Natural Gas and aircraft. The Dow Jones index rose by 136 points or 0.5%, finishing 5 points from its highs. The S&P 500 index rose by 0.5% and the Nasdaq was up by 9 points or 1.1%. Over the week the Dow rose by less than 0.1%, the S&P 500 rose by 0.8% and the Nasdaq rose by 1%.

 

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