AIRLINK 66.80 Increased By ▲ 2.21 (3.42%)
BOP 5.67 Increased By ▲ 0.07 (1.25%)
CNERGY 4.63 Decreased By ▼ -0.09 (-1.91%)
DFML 22.32 Increased By ▲ 1.56 (7.51%)
DGKC 69.76 Decreased By ▼ -1.64 (-2.3%)
FCCL 19.62 Decreased By ▼ -0.33 (-1.65%)
FFBL 30.20 Decreased By ▼ -0.25 (-0.82%)
FFL 9.90 Decreased By ▼ -0.15 (-1.49%)
GGL 10.05 No Change ▼ 0.00 (0%)
HBL 115.70 Increased By ▲ 4.70 (4.23%)
HUBC 130.51 Decreased By ▼ -0.33 (-0.25%)
HUMNL 6.74 Decreased By ▼ -0.11 (-1.61%)
KEL 4.35 Decreased By ▼ -0.04 (-0.91%)
KOSM 4.80 Increased By ▲ 0.46 (10.6%)
MLCF 37.19 Decreased By ▼ -0.56 (-1.48%)
OGDC 133.55 Decreased By ▼ -0.30 (-0.22%)
PAEL 22.60 Increased By ▲ 0.03 (0.13%)
PIAA 26.70 Decreased By ▼ -0.85 (-3.09%)
PIBTL 6.25 Decreased By ▼ -0.06 (-0.95%)
PPL 113.95 Decreased By ▼ -1.00 (-0.87%)
PRL 27.15 Decreased By ▼ -0.07 (-0.26%)
PTC 16.13 Decreased By ▼ -0.37 (-2.24%)
SEARL 59.70 Decreased By ▼ -1.00 (-1.65%)
SNGP 66.50 Increased By ▲ 1.35 (2.07%)
SSGC 11.21 Decreased By ▼ -0.14 (-1.23%)
TELE 8.94 Decreased By ▼ -0.03 (-0.33%)
TPLP 11.34 Increased By ▲ 0.09 (0.8%)
TRG 69.36 Increased By ▲ 0.31 (0.45%)
UNITY 23.45 Increased By ▲ 0.01 (0.04%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 7,312 Decreased By -12.8 (-0.17%)
BR30 24,105 Increased By 47 (0.2%)
KSE100 70,484 Decreased By -60.9 (-0.09%)
KSE30 23,203 Increased By 11.5 (0.05%)

New York: Wall Street stocks moved cautiously on Friday in the shadow of a tense Group of Seven meeting in Canada amid trade conflicts, finishing a choppy session slightly higher.

The Dow Jones Industrial Average gained 0.3 percent to 25,316.53.

The broad-based S&P 500 also advanced 0.3 percent to 2,779.03, while the tech-rich Nasdaq Composite Index edged up 0.1 percent to 7,645.51.

A two-day G7 meeting opened in Canada that has earned the unofficial "G6 plus one" moniker following a series of aggressive trade actions by President Donald Trump that have angered allies.

Trump threw an additional curveball at the group early Friday when he called for Russia to be readmitted into the group.

"The G7 is usually neutral to the markets, but now there are concerns that perhaps the trade talks will deteriorate," said Quincy Krosby, chief market strategist at Prudential Financial. "It adds some caution to the market."

In recent weeks worries about a trade war have been offset by a string of largely positive US economic data.

Krosby attributed Friday's mixed trading also to next week's calendar, which includes meetings of the Federal Reserve and European Central Bank.

"Next week is a very important week," she said.

Among individual companies, Apple, the world's biggest company by market capitalization, fell 0.9 percent following an article in Nikkei Asian Review that said the tech giant told suppliers to expect lower smartphone shipments in the second half of 2018 compared with last year's orders.

Procter & Gamble jumped 1.9 percent following a report by Bernstein that suggested the company should be broken up.

Copyright APP (Associated Press of Pakistan), 2018

Comments

Comments are closed.