US Market Indexes Close Mostly Higher on Friday

US Market Indexes Close Mostly Higher on Friday

The S&P index recorded 12 new 52-week highs and one new low, while the Nasdaq recorded 53 new highs and 20 new lows.

Reports that the US President Donald Trump was preparing to go ahead with tariffs on additional $200 billion worth of Chinese imports, as early as next week, dampened investors' appetite for perceived riskier assets - like equities.

The Canadian dollar was trading at 76.59 cents United States, down from Thursday's average value of 77.06 cents US.

Canada's main stock index slipped on Friday following a report that a North American Free Trade Agreement (NAFTA) deal with the United States might not be concluded by the end of the day.

The S&P 600 closed at 1,098.36 for a gain of 6.50 points or 0.60%.

Canadian Foreign Minister Chrystia Freeland said, "We're not there yet" and added the country was looking for a good deal, not any deal, while Trump is reported have said that any trade deal with Canada would be "totally on our terms", according to the Toronto Star.

The Nasdaq Composite Index closed at 8,109.54 points, up 21.17 points, or 0.26 percent.

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In small-caps, the Russell 2000 closed at 1,740.75 for a gain of 8.40 points or 0.48%.

The Dow is up 1,245.60 points, or 5 percent.

The Dow Jones Industrial Average fell 22.07 points, or 0.08 percent, at the open to 25,964.85.

Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the Nasdaq.

Automakers took a hit with Ford (F.N) down 0.5 percent, GM (GM.N) off 0.4 percent and Fiat-Chrysler falling 1.1 percent.

Of the 11 major sectors in the S&P 500, eight were trading lower.

Canopy Growth fell 3.7 percent to 57.55 Canadian dollars while Aphria was down 1.8 percent to 16.01 Canadian dollars.

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