Wall Street Rises, Investors Eye Fed Decision, Summit Fears Ebb - News Summed Up

Wall Street Rises, Investors Eye Fed Decision, Summit Fears Ebb


NEW YORK — U.S. stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings. The S&P 500 stayed in positive territory in the afternoon after reversing losses in the early afternoon with its biggest boosts coming from the health care and consumer staples sectors. Investors appeared to put aside worries about U.S. relations with its biggest trading partners. Expectations for any breakthroughs at the two-day meeting in La Malbaie, Quebec, were low. "It's highly unlikely there will be a final communique," a G7 official said on condition of anonymity.


Source: New York Times June 08, 2018 13:41 UTC



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