Australia markets open in 5 hours 47 minutes

Stock market ends higher Friday afternoon as Trump's measures against China seen not as stringent as feared

Mark DeCambre

The S&P 500 and the Nasdaq pared losses and closed positive Friday afternoon after President Donald Trump took a number of measures in what he described as China violations, but fell short of taking any actions that might be perceived by investors as market negative. The Dow Jones Industrial Average ended the session off about 17 points, or less than 0.1%, to 25,383, the S&P 500 index gained 0.5% to end trade at about 3,044, while the Nasdaq Composite index advanced 1.3% to around 9.490. In a news conference in the White House's Rose Garden on Friday, Trump accused China of "continually" violating its "promises to us," but he did not mention ending a phase-one trade agreement or sanctioning China more directly in his comments. The president said he would Trump terminate the U.S.'s relationship with the World Health Organization, which he accuses of being heavily influenced by China. The president has continually blamed China's "malfeasance" for the spread of the novel strain of coronavirus associated with COVID-19.