Amid focus on commercial negotiations and companies ’results .. Wall Street achieves weekly gains

American stocks rose in Friday session, registering weekly gains, with investors analyzing a series of companies ’business results and searching for indicators to reduce tension in the trade conflict between the United States and China.

The Standard & Poor’s 500 and Nasdak indicators made thanks to the gains achieved by the “Seven Great Group”, which includes giant companies linked to artificial intelligence, while the Dow Jones Industrial Index was quieter.

Beijing has exempted some American imports of 125%customs duties, but denied US President Donald Trump’s statements of current negotiations.

The move came after US Treasury Secretary Scott Besent made statements that relieves tension between the two largest economies in the world.

“We expect a good end for a week it was very strong,” said Greg Basok, CEO of AXS Investments in New York.

He added: “The week was launched with a strong tendency to sell, then a strong recovery followed. It was a very strong week, mainly due to the feeling of calm the trade war with China.”

The Standard & Poor’s 500 index increased by 39.54 points or 0.74% to close at 5524.31 points, while we weekly gains with more than 4%.

The Nasdaq index rose by 211.73 points, or 1.23%, to 17377.77 points, and increased by 6% during the week.