Stocks finished slightly higher on Friday, with all three indices ending the day up by a fraction of a percent.
The Dow industrials added 75.12 points to finish at 25,316.53, while the S&P 500 rose 8.66 points to 2,779.03 and the Nasdaq Composite ended the session at 7,645.51, up 10.44.
Top New York Stock Exchange percentage gainers included Chinese live-streaming firm Huya (HUYA) , which rose 17.17% to $35; vitamin retailer Vitamin Shoppe (VSI) , up 10% to $6.88; and biopharma firm Zymeworks (ZYME) , which added 9.29% to close at $17.89.
Big NYSE percentage losers included Forum Energy Technologies (FET) , down 8.99% to $12.65; Covia Holdings (CVIA) , which fell 8.09% to $22.34; and RPC (RES) , which shed 7.62% to end the day at $14.01.
Wall Street Slightly Higher in Early Afternoon Trading
Stocks are trading slightly higher Friday as Wall Street moved into mid-afternoon trading.
The Dow industrials were ahead 54.45 points at 25,295.86 shortly after 1 p.m. ET, while the S&P 500 was up 4.87 points at 2,775.24 and the Nasdaq Composite added 5.62 ticks to 7,640.69.
Apple AAPL remained under pressure on reports of expected lower demand for iPhones. Nikkei Business Review reported that the tech giant told suppliers to prepare for about a 20% drop in sales of upcoming iPhone models vs. 2017 levels. AAPL was trading 1.2% lower at 191.07 shortly after 1 p.m. ET after falling as low as $189.77 earlier in the session.
Stocks Open Slightly Lower on G-7 and Apple Jitters
Wall Street opened slightly lower Friday on jitters about the Group of Seven summit in Canada and reported weakness in iPhone sales from Apple (AAPL) .
The Dow Jones Industrial Average was trading at 25,208.33 shortly after the opening bell, down 33.08 points from Thursday’s close. The S&P 500 likewise was trading 4.08 ticks lower at 2,766.29, while the Nasdaq Composite was off 20.71 points at 7,614.36.
Stocks fell in part over reports that President Donald Trump will only make a brief appearance at this weekend’s annual summit for leaders of the world’s seven largest economies. Trump is at odds with the other six G-7 leaders over trade tariffs and other matters. Many speculate that he’ll leave the gathering early and not sign a joint communique that the G7 leaders traditionally issue at the parley’s conclusion.
Meanwhile, Apple fell some 1.8% to $189.87 in the early going, sliding on reports that the tech giant has warned suppliers to ready for slower iPhone sales. Nikkei Business Review reported that AAPL told suppliers to prepare for the company to sell only 80 million of its upcoming iPhone models. That’d represent a 20% drop from 2017’s 100 million units.