The Dow Jones Industrial Average held on to its early gains Friday morning, as President Donald Trump said he would declare a national emergency over security at the U.S.-Mexico border at a news conference in the Rose Garden. The president's plan sets up a potentially nasty fight between GOP and Democrats, as Trump seeks to secure further funds to build a multibillion-dollar wall along the southern border.
The Dow was up 350 points, or 1.4%, at 25,786, the S&P 500 index climbed 0.9% at 2,770, while the Nasdaq Composite Index advanced 0.5% to 7,466. The White House said the president planned on allocating $8 billion in funds for a border wall. Legislation that was passed by Congress on Thursday allots about 1.4 billion for border security.
The main U.S. benchmarks have been buoyant over persistent hope of a near-term tariff pact between Washington and Beijing, with weeklong talks that ended on Friday, extended to next week. Watch the news conference live.
Source : Marketwatch