Stock market level won’t change Trump trade policy, Commerce chief Ross says

collected by :Haron Adler

as declared in Read: Stocks start the third quarter on a sour note as trade concerns fester. Now see: After the banner May jobs report, here's the latest update to the Trump Scoreboard. The U.S. has imposed or threatened tariffs on products from countries including China, Canada and Mexico, as well as the European Union. Also read: How Trump's European auto tariff proposal could backfire. Ross said it was "premature" to say if those threatened tariffs would be put in place.

Stock market gets Wall Street vote of confidence even as jitters over trade loom

Tobias Levkovich, Citigroup's C+0.87% chief U.S. strategist, is also upbeat, upgrading U.S. stocks to overweight from neutral and setting a mid-2019 S&P 500 target of 2,865, according to media reports. Here's whyThe Dow Jones Industrial Average DJIA+0.41% rose 0.4% to 24,456.48 and the S&P 500 SPX+0.85% gained 0.9% to 2,759.82. For the holiday-shortened week, the Dow rose 0.8%, while the S&P 500 advanced 1.5%. For the year to date, the S&P 500 is up 3.2%, while the Dow is down 1.1%. He expects the market to start picking up steam around October, in line with past midterm years.

Stock market ends week solidly higher after jobs report; Biogen logs best day since 2004

referring to All 11 primary S&P 500 sectors finished higher, with the health-care sector producing the biggest gainer, up 1.5% as Biogen enjoyed its best day in 14 years. For the week, the Dow returned 0.8%, the S&P rose 1.5%, while the Nasdaq gained 2.4%. Separately, the unemployment rate rose to 4% from 3.8%, which could reflect a higher participation rate, as well as an increase that might be tied to the end of the school year. Biogen Inc. BIIB+19.63% jumped nearly 20% after it announced positive results from a Phase 2 trial for an Alzheimer's treatment. The surge represented its best daily gain since February of 2004, according to WSJ Market Data Group.