Wall Street was set to open higher on Friday as investors took heart from positi...
- Wall Street was set to open higher on Friday as investors took heart from positive signs regarding trade talks between the United States and China and after UK lawmakers voted to delay a potentially chaotic exit from the European Union.
However, the prospect of trade talks taking longer than expected pressured markets in the previous session and resulted in the S&P and Nasdaq ending slightly lower. British lawmakers voted to seek a delay in Britain’s exit from the European Union on Thursday, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week.
Volatility may rise during Friday’s session on account of “quadruple witching,” as investors unwind interests in futures and options contracts prior to expiration. Business software maker Oracle Corp fell 3.3 percent, while photoshop maker Adobe Inc slipped 3.5 percent. Both companies forecast current-quarter revenue that fell below estimates.
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