Industrials, energy push S&P to five-month high; banks weigh

(Reuters) – The benchmark S&P 500 edged back to five-month highs on Friday as gains in industrials and energy companies more than offset a drop in financials after a mixed bag of quarterly reports from three big Wall Street banks.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2018. REUTERS/Brendan McDermid

Industrial stocks, among the worst hit during the trade disputes, gained in the absence of any trade rhetoric overnight. Treasury Secretary Steven Mnuchin said the United States and China could reopen trade talks if Beijing was willing to make…

Read More Here

Be the first to comment on "Industrials, energy push S&P to five-month high; banks weigh"

Leave a comment

Your email address will not be published.