Wall Street rebounds on hopes for de-escalation - News Summed Up

Wall Street rebounds on hopes for de-escalation


Still, the buying did little to blunt the overall sharp decline for stocks this week. It was down as much as 358 points earlier in the day. The NASDAQ Composite on Friday added 6.35 points, or 0.1 percent, to 7,916.94, dropping 3 percent from a close of 8,164.00 a week earlier. The Russell 2000 index of small company stocks on Friday also closed higher after being down much of the day. The higher tariffs from the US and China’s response that it would take “necessary countermeasures” rattled investors, who had been hoping for a quick resolution to the dispute.


Source: Taipei Times May 11, 2019 15:56 UTC



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