Major U.S. stock indexes closed mostly higher Friday, capping off another week of sharp gains, despite Washington’s failure to produce a last-minute coronavirus aid package before Congress takes a summer recess, leaving America’s economic recovery hanging in the balance.
Rising tensions between Beijing and Washington also were in focus, after the Trump administration ordered a ban on transactions with a pair of China-based technology companies. Read more…..
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BTIG Managing Director, Chief Equity and Derivatives Strategist Julian Emanuel joins the On the Move panel to discuss the market reaction to the July jobs report, the stock market, and the impact of US-China tensions on the stock market.