The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
Wall Street ended the week on a high note Friday as both the S&P 500 and Nasdaq Composite closed at record levels, overcoming a brief sell-off sparked by fresh US-Canada trade tensions.
The S&P 500 gained 0.5 percent to finish at 6,173.07, its first record close since February 19. The Nasdaq Composite also rose 0.5 percent, hitting its first all-time high since December 16, driven by continued enthusiasm for Big Tech and the AI boom.
Stocks briefly turned lower late in the day after President Donald Trump announced the United States was ending trade talks with Canada in response to Ottawa’s new digital services tax. Trump warned new tariffs on Canadian goods would follow within a week.
The news dampened investor sentiment, but the downturn was short-lived. Wall Street rallied again roughly an hour before the closing bell.
The Dow Jones Industrial Average climbed 432 points, or 1 percent, after being up as much as 580 points earlier. The blue-chip index remains about 1,200 points, or 2.7 percent, below its record high.
Shares of UnitedHealth, Apple, Merck and Nike weighed on the Dow’s performance. UnitedHealth has fallen 39 percent so far this year.
The Nasdaq 100, focused on top tech stocks, had already set a new record earlier in the week.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffi...
New Zealand Prime Minister Christopher Luxon said on Monday that his party will introduce a bill to ban children under 16 from using social media. ...
Russia reported a major fire at an Ozon logistics hub in Krasnodar after a drone attack on Monday, while Ukraine’s President Volodymyr Zelens...
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Azerbaijan and Uzbekistan have elevated bilateral ties with a Treaty on Eternal Friendship signed by Presidents Ilham Aliyev and Shavkat Mirziyoyev in Tashkent on 23 August. The leaders also agreed to expand trade, investment, transport, and regional cooperation.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of August, covering the latest developments.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment