The S&P 500 ended the day down slightly on Friday but less than 1% below its all...
NEW YORK - The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.
All three major U.S. stock indexes posted their third straight weekly gains, capping a week that saw signs of a potential thaw in the trade war between the world’s two largest economies, which has gripped markets for months. “Apple is holding back the averages,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “Another factor is we have a huge rally in yields, the 10-year is up substantially. Those two factors are holding back the market and dampening the enthusiasm that some kind of cosmetic trade deal is on its way.”
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