On Thursday, the stocks showed mixed fluctuations because the thawing trade war between the United States and China was seen as optimism by the investors.
This was amid the concerns that there is a possibility that the economic growth of the world will slow down.
There was a rise of about 70 points accounting to 0.3 percent in the Dow Jones Industrial Average.
However the S&P 500 was flat throughout and the Nasdaq Composite witnessed a fall of about 0.4 percent.
On Friday, despite the posting that the stocks have witnessed their biggest decline in weekly terms since the time period of March.
On Wednesday, the markets rallied because of the signs that there was a progress in the truce between the United States and China. They had decided to resolve the trade tensions by March.
According to The Wall Street Journal the country is drafting plans so as to replace the Made in China program pertaining to industrial production.
This is because; this plan has become the center of frustrations of the administration of Trump.
The country also agreed to purchase more of the agricultural products of America.
But in the recent months, the investors have been rattled by the concerns of slowing growth as well as rising rates.
The Federal Reserve is expected to elevate its benchmark interest rate so that it ranges between 2.25 to 2.5 percent.
On Wednesday, Under Armour Inc, which is a sportswear maker has forecast ed its revenue growth as well as profit for the year 2019 and that is below the estimations of the Wall Street.
This is because the company is expecting flat sales in North America next year. The news was reflected in the share prices which witnessed a fall of 11 percent.
Source: BusinessInsider, The Wall Street Journal
