Stocks end higher; S&P records strongest quarter in a decade
U.S. stocks ended higher on Friday after signs of progress on U.S.-China trade talks helped outweigh fears over a slowing global economy. The S&P 500 rose 0.7 % to end near 2,834. The Dow Jones Industrial Average advanced around 211 points to finish near 25,929, based on preliminary numbers. The Nasdaq Composite climbed 0.8% to end around 7,729. For the month, the S&P was up 1.8%, the Dow was up less than 0.1%, and the Nasdaq was up 2.6%. For the quarter, the S&P was up 14%, the Dow was up 12.4%, the Nasdaq was up 17.4%. The broad-based S&P 500 index recorded its strongest quarterly performance since the second quarter of 2009. Treasury Secretary Steven Mnuchin said in a tweet that discussions between U.S. and Chinese officials had proven "constructive," with China's Vice Premier Liu He scheduled to make a visit to Washington next week. In company news, shares of Lyft finished 9% above the $72 level at which the shares priced last Thursday at its trading debut.