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Stock Market Gets No Lift From BNP, China News



The stock market fought in Friday despite a strong performance in China for the first time in gross domestic product. Reading and redeeming remarks from China on trade.




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Blue chips measured in the Dow Jones Industrial Average rose 0.1%, but Nasdaq was almost flat. The large cap S & P 500 received 0.2%.

Small caps rose by 0.5% in Russell 2000.

Volume on the stock market fell on both major exchanges compared to the same time in Thursday, suggesting that funds were not particularly active.

Big names in the stock market mostly

Big players who reported either late Thursday or Friday were pretty much down. Coffee Dealer Starbucks (SBUX) decreased 0.4%; chipmaker Intel (INTC), ca. 10%; integrated oil spill Exxon Mobil (XOM), 2.8%; AstraZeneca (AZN), ca. 3%.

Some bullish exceptions included Amazon.com (AMZN), which rose approximately. 2% in the first trading minutes before falsification to a 0.9% gain and Dow Jones component Procter & Gamble (PG), up 2%.

Procter & Gamble appeared to lose 0.4% a week, but a successful test of his 10-week line. The 10-week line is an area where bullish funds enter and add stocks to a position.

Amazon was led against its 10th weekly win over 11 weeks. The online retailer works on a cup base, but on the Leaderboard, an early post was listed on 1,736.51.

Two Software Breakouts

Breakouts Friday morning included two warehouses from the software enterprise group: Coupa Software ] (COUP), up about 3% in heavy volume; and China's working day (WDAY), a 2% increase in trade 15% above normal.

Among IBD's 197 industrial groups, gold miners, medical care, food and tobacco made some of the best gains of the morning. On the downside, the semiconductors and oil stores fell.

In the traded fund, Innovator IBD 50 held ETF (FFTY) 0.3% higher. Innovator Breakout Opportunities (BOUT) fell 0.3%.

Financial News

Real GDP for the first quarter shifted 3.2% and peaked the full range of estimates. The range was from 1.4% to 2.8%.

The University of Michigan's Consumer Member Measure for April rolled in at 97.2, peaking at a consensus estimate of 97.1. The mart meter was 96.9.

Xi & # 39; s China Speech

In a forum in Beijing, China's leader Xi Jinping promised action to address concerns about state aid, intellectual property rights, foreign investment, and currency evaluation, Bloomberg News reported on Thursday.

Xi's comments seemed to come out of President Trump's playbook and suggested that a trade deal be near.

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