US Stocks End Mostly Higher After Early Falls
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2018-03-03 HKT 05:24
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A last-minute surge of buying interest turned the market around, and largely reversed a sharp drop early in the day.
Bond yields and the price of gold rose on Friday, both signs that investors expect inflation might tick up.
Investors remain focused on President Donald Trump's threat to impose tariffs on steel and aluminium imports.
The plan has angered some of America’s biggest trading partners and triggered fears of a trade war, which could fuel inflation and weaken profits for US exporters and companies that are big users of steel and aluminium. Caterpillar fell 2.6 percent.
The Standard & Poor's 500 index rose 0.5 percent to 2,691. The Nasdaq rose 1.1 percent to 7,257.
The Dow Jones industrial average came mostly back from a 390-point loss and ended down 70 points, or 0.3 percent, at 24,538. (AP)
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