The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along.
World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent, but the year-end rally ebbed on Wall Street and the dollar eased as risk appetite grew.
Amazon.com Inc and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras' defective design leaves purchasers vulnerable to cyberattacks.
Restaurant Brands International Inc said on Friday Alex Macedo, the president of coffee and breakfast chain Tim Hortons, will be stepping down after two years in the role.
The United States is looking at ways to cooperate with Mexico on customs along their border to curb flows of illicit arms, drugs and money, the U.S. ambassador to Mexico said on Friday.
Despite a strong start to this decade in 2010, emerging market stocks underperformed developed market peers and were weighed down by events such as the Chinese market sell-off, debt crises in Turkey and Argentina and the Sino-U.S. trade war.
Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed, but some analysts are hoping for better in 2020 on the back of potential government reforms likely to boost stock markets.
China is in close touch with the United States on signing a Phase 1 trade deal, the country's commerce ministry said on Thursday, adding that both sides are still going through necessary procedures before the signing.
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
China Southern Air Holding, the parent of China Southern Airlines , has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms.
Oil rose further above $67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, by hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.
The S&P 500 has returned more than 50% since Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group.
U.S. stock index futures were near record highs on Thursday on optimism that an initial U.S.-China trade deal would be signed soon, easing a dispute that has rattled global markets for the past 17 months.
Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , on Thursday estimated sales growth of 1% to 3% during the holidays, with the biggest contribution coming from China and a recovery in the Americas.
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