Stocks edge lower as investors listen for trade deal clues

S&P 500 posts fifth week of gains as Wall St. hits records

Traders work on the floor at the NYSE in New YorkMore

However, after flip-flopping throughout the day, the S&P 500 on Friday turned higher in the last hour of trading and closed at a record 3,093.08, up 7.90 points, or 0.3 percent. -China trade war hung over the market. "It just feels like everything is moving in the right direction".

US stocks fell in early trading Friday as investors grew more uncertain about prospects for a trade deal between the USA and China.

Bond prices fell. The yield on the 10-year Treasury rose to 1.94%.

The higher yields dampened buying interest in the rate-sensitive utilities (-1.4%) and real estate (-1.1%) sectors, while consumer discretionary (-0.6%) and consumer staples (-0.4%) were the other two sectors that finished lower.

It's the fifth straight week of gains for the index, which matches its longest winning streak in the last two years.

Bond prices rose. The yield on the 10-year Treasury fell to 1.91%.

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The Indian Meteorological Department said wall cloud region was entering into land at 10:30pm local time. Indian authorities said military ships and planes have been put on standby to assist with emergencies.


Since the summertime inversion and recession fears, bond yields have rebounded, driven by a combination of better-than-expected corporate profits, the end of the Federal Reserve's "mid-cycle" cuts and improvement in U.S.

Not only are yields on the rise, so is the gap between short and long-term Treasuries. It's a relatively rare thing, and it's often correctly predicted recessions in the past, though it doesn't have a flawless record.

Since the summer, though, increased optimism in the economy and the odds of a U.S. -China trade deal in early October. The gap between the two- and 10-year Treasurys is back at its healthiest level since July.

Confidence might have gotten so high that stock prices have become too expensive, Villere & Co portfolio manager George Young said.

He sees so few stocks attractively priced that he now has 15% of his clients' money at mutual funds and separately managed account sitting in cash. In June, when worries about the economy and trade war were higher, Young had only 5% in cash given the many bargains available.

"I wouldn't say I'm negative on the market", Young said, "but when stocks get ahead of themselves, it's incumbent upon me to balance against the long term".

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Pour l'avocat de l'accusé, Louis-Romain Riché, "le quantum de la peine reflète que ce dossier relevait du tribunal correctionnel". Dès 2005, il avait été repéré par les services de renseignement en raison de son extrémisme religieux .


Disney rose 3.8% after reporting results that beat analysts' forecasts. The company also said it received a positive response from a test of its planned streaming service, Disney Plus.

Among decliners on Friday, shares of Gap Inc fell 7.6% after the apparel retailer said Chief Executive Officer Art Peck would leave the company, a surprise exit in the middle of a restructuring.

Benchmark crude oil rose 80 cents to settle at $57.15 a barrel. Brent crude oil, the worldwide standard, rose 55 cents to $62.29 a barrel. Natural gas fell 6 cents to $2.77 per 1,000 cubic feet.

Gold rose $2.90 to $1,461.30 per ounce, silver rose 19 cents to $16.78 per ounce and copper fell 4 cents to $2.68 per pound. Wholesale gasoline rose 1 cent to $1.64 per gallon. Heating oil was unchanged at $1.92 per gallon.

The dollar rose to 109.31 Japanese yen from 108.93 yen on Wednesday.

AP Business Writer Damian J. Troise contributed.

Hundreds of Indian Sikhs to make historic pilgrimage to Pakistan
But we never imagined we would ever be able to see it and have these feelings'. He said Pakistan and India can resolve the Kashmir dispute through dialogue.


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