Wall Street Shows Earnings Driven By Nike High

The main Wall Street indices closed higher on Friday, as the rise in Nike's shares helped the quarter close in positive territory as fears about US international trade relations eased.

The Dow Jones index rose 0.23% to 24,271 points, while the S & P 500 gained 0.075838% to 2,718 points. The Nasdaq index rose 0.09% to 7,510 points.

During the quarter, the Dow Jones, S & P 500 and Nasdaq all posted gains. The Dow advanced 0.7%, the S & P 500 2.94% and Nasdaq 6.33%. The Russell 200 index, whose components are more focused on the domestic market, rose 7.4%.

Like Russell, the main sectors of the S & P 500 showed some nervousness with regard to trade. The energy sector posted the largest percentage gains in the quarter, as oil prices rose and growth sectors such as technology and consumer goods posted solid gains.

Friday, Nike shares jumped 13% to a record high of $ 81 after the world's largest shoe maker announced a return to growth in North America in the fourth quarter and make a forecast optimistic for the year.

Nike shares ended the year up 11.1% to $ 79.68, their highest daily gain in nearly four years. Nike has been the biggest boost to the Dow and the S & P 500.

The S & P 500's benchmark closed the day in near-stability after hitting a record high. a week ago. At the end of Thursday, the Federal Reserve reported that US banks went through the second part of their annual stress tests, although the central bank imposed conditions on some, restricting Goldman Sachs and Morgan Stanley from increasing capital distributions.

Friday's session reflected a momentary easing of commercial concerns that shook the market earlier in the week, said several investors, though the main ones "There's not a lot of headlines", has said Ryan Detrick, senior market strategist at LPL Financial.

"There are not a lot of headlines," said Ryan Detrick, senior strategist at LPL Financial. "We have a recovery of worries earlier in the week."