Dow posts best week since early April as investors look to economic reopening
US stocks ended Friday mixed, but the Dow Joens industrial average still turned in its best week since early April. The gains came as investor optimism over a US economic reopening counterbalanced renewed China concerns, capping off a volatile week of trading.
Stocks dipped in early Friday trading following signs that China's economic recovery may not be as strong as hoped. China's governmentfor the first time in decades because of uncertainty from the coronavirus pandemic. Renewed tensions between Washington and Beijing also affected sentiment. China proposed new security legislation for Hong Kong that could threaten the financial hub and cause further issues with the US. On Thursday, President Donald Trump said the US would react strongly if China were to enact the legislation.
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