US stocks ended the day with gains of nearly 1%, boosted by shares in technology and industry

US stocks ended the trading session for the week in green to resume their gains gains that were halted yesterday as investors worried about a surge in US stocks. Trade disputes between the United States and China and the outbreak of a trade war between the world's leading economists, investors hoping for a positive season for the results of big banks and US giants, the largest economy of the world.

The US economy, the world's largest economy, followed Thursday publication of inflation data according to the consumer price index, which showed inflationary growth slowed at 0.1% compared to the previous month. The basic reading of the same index showed that the growth rate was stable at 0.2%, in line with expectations, unchanged from the previous May reading.

The annual reading of the CPI shows an acceleration of growth at 2.9% in line with expectations compared to 2.8% at the previous annual reading in May, and the basic annual reading of the same index shows an acceleration to 2.3% Also with expectations versus 2.2% in the previous annual reading for May.

This came in conjunction with the publication of requests for help for the week ending July 7, showing a drop of 18 thousand requests to about 214 thousand requests, exceeding expectations at 225 thousand requests, as explained by requests for ongoing badistance for the week that ended on June 30, decreased from 3K to about 1739K, down from 1730K expectations.

Otherwise, US President Donald Trump noted earlier in the day that his country was in a bad trade war with China, adding that we would finally succeed, saying that the United States would negotiate a fair trade deal with China. . This occurred after the White House announced that high-level talks had been held with China and that America was open to further discussions with China to resolve the tensions. between the two countries.

On the other hand, the Chinese Ministry of Commerce said that the US accusations of intellectual property theft against China are unfounded and that no agreement has been reached on the resumption of negotiations between the two countries, noting that China does not want a trade war. The fear that the US escalation to a trade war would increase uncertainty about the global economy and that China would take steps to protect its economic interests.

The US Trump Administration yesterday revealed a list of Chinese goods valued at $ 200 billion, likely to be subject to 10% tariffs, followed by China's allegedly overweight. intimidation by the United States. How will it react, a few hours after the United States imposed on Friday a tariff of 25% on Chinese products estimated at $ 34 billion and that China has reacted similarly at the end of the week.

The Dow Jones Industrial Average ended the session up 0.91% or 224.44 points to 24 924.89 points, while the Standard & Poor's 500 index gained 0, 87% or 24.27 points to close at 2,823.92 points, The Nasdaq Composite Index rose 1.39% or 107.30 to close at 7,823.92 points.

Gold futures to be delivered on August 15 rose 0.23% to trade at $ 1,241.80 an ounce, posting their weakest rebound since July 3 compared with the previous year. opening at $ 1,244.40 an ounce,% at 94.80 levels, showing the highest since the day compared to opening at 94.72.

On the other hand, futures contracts on NYMEX crude lost 0.09% to trade at $ 70.32 per barrel, the lowest since June 26 against $ 70.38 per barrel, while contracts futures Brent crude oil to be delivered on September 15th rose 1.23% to trade at $ 74.30 a barrel, reversing its lowest level since July against $ 73.40 a barrel.