Dow on Thursday topped 27,000 points for the first time, while S & P 500 closed only shy of 3,000 points. Both indexes were driven higher by Congress's testimony from the Federal Reserve Chair Jerome Powell, who pushed the investor optimism that a cut in interest rates will come later this month.
Meanwhile, Nasdaq closed 0.1% lower. Profits in the global markets on Friday have been lukewarm.
"Trade tensions between the United States and China continue to be aroused over global emotions," said Han Tan, market analyst at FXTM. Chinese export growth was negative in June, according to data released on Friday, and imports fell more than expected.
American stocks are ready to continue their rally. Dow can rise 70 points, or 0.3%, when markets open, while S & P and Nasdaq will increase by 0.2%.
2. Trump vs Libra: The price of Bitcoin has been more volatile than ever in recent weeks and rose to nearly $ 1
Facebook's plans on Thursday drew attention to President Donald Trump who tweeted that he is "Not a fan of Bitcoin and other Cryptocurrencies, which is not money." The technology company must seek a charter if it wants to "become a bank", he added.
"We only have a real currency in the United States, and it's stronger than ever, both reliable and reliable," Trump said, referring to US dollars.
Trumps ire was able to raise awareness of hearings in Congress next week. Facebook CEO David Marcus, the project manager, is scheduled to testify.
3. Daimler warning: The owner of Mercedes-Benz has warned of a large decline in profits this year after recalls, legal issues and weak demand for new cars contributed to a rough second quarter.
On Friday, Daimler said it expects a loss of EUR 1.6 billion ($ 1.8 billion), a dramatic decrease from a EUR 2.6 billion profit ($ 2.9 billion) over the same period the year before.
It is said that full-year revenue will be significantly below the profit achieved by EUR 11.1 billion ($ 12.5 billion) in 2018.
The German automaker blamed its weak second quarter on higher costs associated with Takata – exploding airbag recall, as well as regular and legal risks from the diesel emissions scandal.
In addition to the factors, Daimler said that its full-year approach is affected by slow product development and weak growth in the car market.
4. Coming in the week:
Friday – American producer prices