US EditionWall Street Ends Week with More Records
6 Articles
6 Articles
The S&P 500 and the Nasdaq index reached new highs on Friday, partly due to hopes for a trade deal between the US and the EU in the coming days. The AEX, on the other hand, fell sharply. This was partly due to Intel's decision to halt factory construction, which caused a sharp decline in the supply chain to the chip sector.
The New York Stock Exchange ended the week with new records on Friday, with investors optimistic about trade negotiations and quarterly results.
The sharp increase in shares on Wall Street brought stock valuations close to record levels, prompting warnings that "euphoric" markets might be approaching a financial bubble.The S&P 500 index reached a series of historic peaks this month, while corporate borrowing costs relative to US public debt are approaching its lowest level in decades, in a drastic turn after the April fall brought about by Donald Trump's trade war.Even when the president…
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