US stock indexes are inching mostly higher in early trading on Wall Street as more gains for Boeing send the Dow Jones industrial average above the record high it reached a day earlier. The Dow Jones Industrial Average jumped 65 points to end yesterday's trading at a record high of 22, 686.
Investors largely shrugged off the latest rise in tensions on theKorean peninsula and a terrorist attack in London, with haven assets from the yen to gold declining.The S&P 500 took the round-number milestone in the final minutes of trading to end the week with a 1.6 percent advance. USA retail sales unexpectedly fell in August (http://www.marketwatch.com/story/us-retail-sales-slump-near-end-of-summer-2017-09-15), dropping 0.2% in their second decline of the past three months.
Retailers were also expected to come under a bit of pressure after retail sales figures for August fell 0.2%, thanks to a 1.6% decline in sales at vehicle dealers; strip these out and retail sales rose 0.2%.
Stocks are closing at more record highs on Wall Street as technology and industrial companies and banks post gains. The Japanese yen weakened 0.62 percent versus the greenback at 110.91 per $1, and sterling last traded at $1.3567, up 1.28 percent on the day. SPDR Dow Jones Industrial Average ETF accounts for about 8.4% of GenWealth Group Inc.'s holdings, making the stock its 3rd biggest position.
In commodities, oil prices were little changed on Friday, as USA crude futures continued to flirt with $50 a barrel. Prices rose nearly 5 percent in the week, buoyed by higher demand forecasts.
The Nasdaq Composite Index rose 19.38 points, or 0.3%, to close at 6,448.47. Amazon also lost 0.5 per cent, but Apple added one per cent after its new product launch this week. They yielded 1.06 percent and 1.19 percent in when-issued trading. Many companies on the British FTSE 100 are multinationals whose overseas earnings are diminished in value when the pound appreciates against other currencies. The index settled up 0.2% at 2,500.23.
West Indies beats England in one-off T20 by 21 runs
Morgan, out for two on Saturday, has managed just 12 runs in his last seven innings for Middlesex, Barbados Tridents and England . We shall anyhow see the return of Chris Gayle , Sunil Narine and Kieron Pollard in the West Indies' national side.
The energy index.SPNY climbed 0.39 percent after US crude CLc1 hit $50 per barrel for the first time since August 10 on a bullish demand forecast by the International Energy Agency. Brent crude, used to price worldwide oils, shed 35 cents to $55.12 barrel in London.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent.
The US$226mln-valued company'sstock rose 3.5% on the news.
The tech index has been the best performing sector this year, rising more than 25 percent, far outpacing the broader S&P's 11.5 percent growth. Against the euro, the dollar is valued at $1.1967 compared to yesterday's $1.1919.
South Korea's Kospi index closed 0.4% higher, bouncing back from an earlier drop, as Asian markets overall finished mixed (http://www.marketwatch.com/story/asian-stocks-mostly-retreat-after-north-koreas-latest-missile-test-2017-09-14).