US stocks extend mild gains as Wall Street eyes trade

New York: US stocks capped off the week on a cheering note, as Wall Street kept a close eye on the variable development of US-China trade relations, which sent investor sentiment into ups and downs. Investors also digested a slew of mixed data that pointed to the health of the US economy.
In the week ending Aug 30, the Dow rose 2.99 per cent, the S&P 500 gained 2.76 per cent, and the Nasdaq rallied 2.71 per cent, Xinhua news agency reported.
This week marked generally positive trading sessions for the market with a high start and a tepid ending, with the three major indexes notching steady gains except Tuesday.
On Friday, the three major indexes ended with minor gains and losses, as investors digested a batch of mixed data on consumer activities, among which consumer confidence fell sharply.
The Dow Jones Industrial Average rose 41.03 points, or 0.16 per cent, to 26,403.28. The S&P 500 increased 1.88 points, or 0.06 per cent, to 2,926.46. The Nasdaq Composite Index declined 10.51 points, or 0.13 per cent, to 7,962.88.
Wall Street was rattled by a renewed wave of fears over a potential recession on Tuesday, as the long-dated US Treasury yields retreated sharply during the day.