Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets.
Addressing reporters at the White House while leaving for Scotland, President Trump said rebate checks for people at a certain income level might be “very nice.”
The President’s comments follow the Federal Reserve's release of a statement earlier on Friday, stating that it was “grateful” for the President’s encouragement to complete its renovations.
The central bank also stated that it remains committed to being careful stewards of the resources at its disposal as it completes the renovations to its headquarters.
Treasure Global’s retail chatter surged 2,300% in 24 hours after it entered into a memorandum of understanding with iSynergy Group to strengthen AI infrastructure.
On Thursday, the major averages closed on a mixed note, with a fall in weekly jobless claims and some positive earnings reports helping the S&P 500 Index and the Nasdaq Composite to hit fresh highs.
In the keynote address at an artificial intelligence event in Washington on Wednesday, President Trump urged U.S. companies to put America first, building on his “Make America Great Again” campaign.
