U.S. stocks traded cautiously higher ahead of a weekend meeting between President Trump and China’s Xi Jinping at the G20 Summit.
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China has however listed the removal of Huawei from the U.S. banned list as a demand for a trade deal, according to the Wall Street Journal.
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Shares of Boeing are lower after the Federal Aviation Administration uncovered a new software issue with the beleaguered Max jet, a fresh hurdle that is likely to further delay the jet from returning to service.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| BA | BOEING COMPANY | 365.05 | -9.89 | -2.64% |
In economic news, the government reported that the final reading on first quarter GDP came in at 3.1 percent, matching expectations.
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Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 227,000, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications than previously reported.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26519.22 | -17.60 | -0.07% |
| SP500 | S&P 500 | 2927.16 | +13.38 | +0.46% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7959.804585 | +49.83 | +0.63% |
In Asia on Thursday, China’s Shanghai Composite added 0.7 percent, Hong Kong’s Hang Seng jumped 1.4 percent and Japan’s Nikkei rose 1.2 percent.
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In European markets, London’s FTSE slipped 0.3 percent, Germany’s DAX added 0.3 percent and France’s CAC was lower by 0.1 percent.
