Stocks closed higher on Friday as investors looked ahead to the Trump-Xi meeting at the G-20 summit. The S&P 500 closed 0.58% higher to finish its best first half of the year in 2 decades.
trade meeting. The two leaders are scheduled to meet Saturday at the G-20 summit in Osaka, Japan.
"There's a pretty healthy premium built into short-term options," Masserio said. "Part of that premium is this 50-50 coin flip where you could get something that's a surprise step in the right direction or you come out with a whole bunch of nothing. Either way, the market is going to pick a short-term direction" after the G-20.
Both China and the U.S. have maintained their firm stances on trade, with the Chinese Ministry of Commerce calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies, while Trump reiterated a threat to impose tariffs on all Chinese imports if talks fail.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UnitedHealth and one other Dow stock could be on the cusp of a comebackAs the Dow closes in on records, just four stocks have been shut out of the rally. Some could be on the verge of a major breakout.
Read more »
Here are the most-loved (and hated) stocks in the Dow right nowUnitedHealth is Wall Street analysts' favorite stock based on highest percentage of buy ratings and manufacturing company 3M is the least-liked stock with only 4 analaysts rating it a buy.
Read more »
Stocks making the biggest moves after hours: Rite Aid, Herman Miller and moreSee which stocks are posting big moves after the bell on June 26.
Read more »
'Own stocks that have nothing to do with China,' says Karen FirestoneEveryone is wondering whether the U.S. and China can make progress on the trade deal at the G-20 this weekend, but that doesn't have to affect your investing strategy. Karen Firestone gives her top stock picks 'that are not related to the China deal' and will perform regardless of what happens at the Trump-Xi meeting.
Read more »
Stocks edge up, dollar dips with G20 in focusStocks posted modest gains on Friday and the dollar dipped ahead of a meeting on...
Read more »
Stocks making the biggest moves midday: JP Morgan Chase, RealReal, Constellation Brands & moreThese are the stocks posting the largest moves midday.
Read more »