市场快报

US stocks tick upwards to end week higher

Gains come as data show consumer spending slipping and investors look ahead to Fed rate decision and corporate earnings

US stocks ended the week higher as investors weighed the latest batch of corporate results and economic data and looked ahead to the Federal Reserve’s upcoming interest rate decision next Wednesday.

Wall Street’s benchmark S&P 500 added about 0.2 per cent on Friday to gain 2.5 per cent for the week. The tech-heavy Nasdaq Composite finished almost 1 per cent higher on the day, bringing its advance over the past five sessions to 4.3 per cent.

Reporting season steps up a gear next week, but several well-known companies have in recent days provided results and outlooks for investors’ consideration.

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