[NEW YORK] US stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the US economy than investors had feared. Read more at The Business Times.
Mr Trump also said the US is terminating its relationship with the World Health Organization, something he had threatened to do earlier this month.The latest confrontation between the US and China has fuelled concern that worsening tensions between the two world's largest economies could derail the recent sharp gains in the stock market.
For the month, the Dow added 3.9 per cent, the S&P 500 gained 4.5 per cent, and the Nasdaq rose 6.8 per cent. For the week, the Dow and S&P 500 each rose more than 3 per cent, and the Nasdaq gained 1.8 per cent. Twitter was down 2 per cent and Facebook Inc shares slipped 0.2 per cent, a day after Mr Trump signed an order threatening social media firms with new regulations over free speech.
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