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A recent survey by Bank of America Merrill Lynch found that more than 80% of professional fund managers say that a trade war is their biggest concern, yet you would not notice it by the performance of the U.S. equity markets.
8:01 a.m. July 21, 2018U.S. stocks finish Friday’s trade pretty much where they started the session and the week as losses in consumer-discretionary and energy sectors offset a rise in staples and financials.
5:01 p.m. July 20, 2018Bitcoin’s revival hit a speed bump Friday afternoon as the No. 1 digital currency turned lower, putting a milestone in jeopardy.
4:53 p.m. July 20, 2018Traders pummel the U.S. dollar after President Donald Trump accuses China and the European Union of currency and interest-rate manipulation that he says has put the U.S. at a disadvantage.
4:08 p.m. July 20, 2018U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases. The main benchmarks ended the week roughly where they started. The S&P; 500 fell 2.66 points, or 0.1%, to 2,801.83 and is flat over the week. The Dow Jones Industrial Average declined 6.38 points to 25,058.128, though it eked out a 0.2% weekly gains. The Nasdaq Composite Index fell 5.1 points, or less than 0.1%, to 7,820.20, also ending the week unchanged. Among the biggest gainers on the S&P; 500 on Friday, shares of Microsoft Corp. rallied 1.8% after quarterly earnings results.
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