U.S. markets rise slightly on latest trade comments
On Friday, the TSX went modestly down while the New York ones rose slightly, trading places from the day before. American investors were read the latest comments from both their president and China’s as optimistic. That said, some analysts including those at Stanley Morgan wonder if a phase one deal is all that both sides will reach on the trade front. All four major indices had a good week, touching new highs.
Also ending the week on an up note was Nordstrom, which released a strong earnings report late Thursday and leapt 10.58% Friday. The retailer overshadowed its peer, The Gap, which climbed 4.44% on a lukewarm report after suffering a 40% fall this year.
The same can’t be said for Tesla, which unveiled its Cybertruck, boasting “unbreakable” windows that (you guessed it) broke during Friday’s demo. Tesla closed the day down over 6%. Enduring its own woes is CN Rail whose unionized workers are on the picket line for a fourth day which could limit growth in the Canadian economy. Despite that, CN ticked up 0.21% Friday after losing 2% for the week. The strike continues…