Trade frictions once again had an impact on early trade, but as the day wore on major averages continued to climb. All major averages closed at their highs for the day, and interestingly enough, the cyclical consumer discretionary sector was this week's biggest winner.
At the close, the Industrials were up 75 points to 25,316. The Transports followed suit with their own strong performance, up 0.88%, and the S&P 500 and Nasdaq also put in a good showing, up 0.31% and 0.14%, respectively. Breadth was positive with 1,741 advancing issues vs. 1,219 declining issues on the NYSE.
International markets weren't quite as cheery, especially in Asia where all markets closed in the red. The Asia Dow fell 1.04%, led by declines in China and Hong Kong. Over in Europe France managed to tread water, but other averages lost ground. Italy was the biggest loser, falling 1.89%. Overall, the Stoxx 600 fell 0.21%, and ... Log in or subscribe to continue reading.