S&P 500 sets 5 all-time highs in one trading week

This is the update of urgent news. Follow the previous AP story below.

New York (AP) – American stocks rise towards more records on Friday and head towards the end of the week.

S&P 500 was 0.5 % higher in late trading and in the right track to close at the highest level ever every day this week. The Dow Jones industrial average increased 221 points, or 0.5 %, with less than an hour in trading, and the Nasdak compound added 0.4 % to its own record the day before.

Decrez, the company behind UGG Boots and HOKA shoes, jumped by 12.3 % after reporting stronger profits and revenues for the spring of what analysts expected. Its growth was particularly strong outside the United States, as revenues increased by approximately 50 %.

Edwards Latvisat increased by 4.3 % after the forecast of Wall Street for profit in the last quarter. She has seen strength in all her product groups, and expected a profit for the full year to reach the upper end to the expected range she previously presented.

They helped compensate for a 9.3 % decrease for Intel, which fell after reporting a loss for the last quarter, when analysts were looking for a profit. The stumbling block maker also said that he would reduce thousands of jobs and remove other expenses because she is trying to circumvent her wealth. Intel, who helped launch the silicon Valley as the US Technology Population, is behind its competitors such as NVIDIA and advanced micro -devices while the demand for artificial intelligence chips rises.

Click on companies to achieve strong profits in order to justify the gatherings in their stock prices for registration after the record in recent weeks. Wall Street has risen in the hope that president Donald Trump will reach commercial deals with other countries that will reduce his bitter proposed tariff, along with the risks that could cause recession and increase inflation. Trump recently announced deals with Japan and the Philippines, and the next deadline waving on the horizon on Friday, August 1.

In addition to possible commercial talks, next week it will also offer a meeting by the Federal Reserve on interest rates. On Thursday, Trump pressed the Federal Reserve to reduce prices, which it may provide US government’s money to pay its debts.

Nevertheless, the Federal Reserve Chairman, Jerome Powell, continued to insist that he wanted to wait for more data on how Trump’s tariff affects the economy and inflation before the Federal Reserve Bank has its next step. Low interest rates can help in the outcome of the economy, but it can also give inflation more fuel.

Low prices may not reduce the costs of the United States government to borrow money, if the bond market feels that it can send inflation to the highest in the future. In this case, the short -term interest rates offered by the Federal Reserve can be the opposite impact and raise interest rates that Washington must pay to borrow money in the long term.

Wall Street’s widespread expectation is that the Federal Reserve will wait until September to resume interest rates.

In the bond market, the cabinet revenues were relatively fixed after Trump’s recent attempt to pay Powell to reduce interest rates. Trump also seemed to back down from threats to launch the Federal Reserve Chair.

“Doing this is a big step, and I don’t think this is necessary,” Trump said. “I just want to see one thing happens, very simple: interest rates drop.”

If Trump has launched Powell, he will risk dismantling financial markets by increasing the possibility of less independent feedback, which is unable to make unimaginable options to maintain the health of the economy.

The return on the cabinet decreased for 10 years to 4.38 % from 4.43 % late Thursday. The Treasury Ministry’s return for two years, which tracks greater expectations for what the Fed Reserve Bank will do, fixed by 3.91 %, as it was late on Thursday.

In stock markets abroad, indexes have slipped most parts of Europe and Asia.

The shares decreased by 1.1 % in Hong Kong and 0.3 % in Shanghai. US Treasury Secretary Scott Payett said he will meet with Chinese officials in Sweden next week to work for a business deal with Beijing before the deadline on August 12. Trump said that China’s journey “is not very far” with commercial tensions.

___

The AP Teresa Cerojano and Matt OTT book contributed.