U.S. Indexes Advance as U.S.-China Trade Talks Continue

U.S. Indexes Advance as U.S.-China Trade Talks Continue

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Friday, May 10. All major U.S. indexes closed the day with slight gains to reverse a five-day losing streak. The Dow Jones Industrial Average and S&P 500 rose 0.4% and the and NASDAQ Composite gained 0.1%. Similarly, the Shanghai Composite Index advanced 3% as investors in both the U.S. and China expressed optimism that trade negotiations are continuing—despite the 12:01 a.m. tariff increase on $200 billion of Chinese goods. Meanwhile, Uber launched its much-anticipated I.P.O. as its stock fell more than 7% in intra-day trading, with the company’s valuation falling from $75.5 billion to $69.7 billion.

Recent Videos

View All Videos

Lowell on Fox Business: Market Still Has Room to Run

Lowell on the Infrastructure Deal

Lowell on the Market’s Reaction to Delta

Lowell on Fox Business: Delta May Change the Trajectory of the Economic Recovery

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.