Investing.com – Stocks ended higher Friday, despite uncertainty over trade after U.S. Treasury Secretary Steven Mnuchin said there were no further trade talks planned between the U.S. and China as of yet.
The rose 0.44%, the gained 0.37%, while the added 0.08%.
Mnuchin’s somewhat sobering message on trade arrived on heels of a positive remarks from President Donald Trump that trade talks would continue into the future. Trump also left the door open to possibly removing the latest round on hikes on good imported from Beijing, which went into effect at midnight Friday.
“In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!,” Trump said in a tweet.
The U.S. moved ahead with plans to hike tariffs on $200 billion dollars worth of Chinese imports to 25% from 10%.
Trade-sensitive stocks like Caterpillar (NYSE:) and Boeing (NYSE:) ended the day flat.
Beyond trade, energy stocks ended the day modestly as U.S. oil prices recovered on bets for a potential drop in global supplies amid sanctions on Iran and ongoing conflict in Libya.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.