S & P Rallies as Technologies Climb and Relieve Trade Tensions by Investing.com

Investing.com – Stocks rallied on Friday and ended near their highs, as trade tensions seemed to ease and reports suggested Germany could consider ideas to boost its declining economy .

But a tumultuous week in which industrials lost 800 points Wednesday was closed with major US averages showing modest losses.

The Dow ended Friday up 307 points, or 1.2%. The increase of 1.4%. The index soared 1.7%.

The Dow's gain was his second on more than 300 points during the week. Four of the Dow's five sessions resulted in daily gains or losses of more than 300 points, including this big loss of 800 points. Thursday is over with the Dow up 99.97 points.

The week ended down 1.53%. It was down 1.03 for the week, with the Nasdaq down 0.8%. But the declines were the third in a row for each index and their fourth loss in five weeks.

The major averages fell after peaking in July, mainly because of the Trump administration's threat to impose new tariffs on imports from China as of September 1st. Despite gains on Friday, the Dow Jones lost 5.5% from the peak reached in July. S & P 500 down 4.6% and Nasdaq down 5.3%.

Trade tensions eased after President Donald Trump agreed to postpone tariffs on many products, including electronics and other consumer goods, before the end of year holiday season. They seemed to calm down more on Friday, if only because there were not many ugly tweets or other statements.

It is not clear, however, whether both parties are trying to resolve their differences with less incendiary rhetoric. So volatility is likely to continue.

German stocks rose 1.3%, according to media reports that the Angela Merkel government is looking for ways to handle larger budget deficits than those normally allowed when the German manufacturing sector retreats.

Industrial, technological and financial stocks were the strongest market sectors.

Apple (NASDAQ :), Nvidia (NASDAQ :), Microsoft (NASDAQ 🙂 and 3M (NYSE 🙂 were among the market leaders that day.

Interest rates have risen as investors appear ready to buy stocks after such volatility. The Treasury yield reached 1.559% after reaching a low of 1.475% Thursday. The 2-year Treasury yield fell to 1.489%.

Oil prices climbed, but gold declined.