President Donald Trump’s latest China comments sent the market’s fear gauge lower, but the major U.S. indexes stock were mixed at the open on Friday.
The Dow Jones Industrial Average rose 110 points, or 0.2%. The S&P 500 was down 0.1%. The Nasdaq Composite was down 0.3%.
The yield on the 10-year Treasury note was back up to 4% after falling below the key level on Thursday.
Trump told Fox News that the tariff situation between the U.S. and China is “not sustainable.” He also suggested a meeting between him and China’s Xi Jinping that was scheduled for later this month could go forward.
“US index futures were down more than 1% a few hours ago, but they’ve rallied back to the flat-line after President Trump made comments diffusing trade drama with China,” Bespoke Investment Group co-founder Paul Hickey wrote this morning.
The VIX was back down to 23.86. Though it’s moving closer to a 20 reading that is seen as normal volatility, it had traded below 20 for most of August through this past Friday.
The SPDR S&P Regional Banking ETF was rising after concerns about credit market weakness sent such stocks tumbling on Thursday.
