- Markets ignore WH adviser Navarro's comments on U.S.-China trade talks.
- Industrials and materials post strong gains in early trade.
- Defensive sectors trade in the negative territory to reflect an upbeat sentiment.
Major equity indexes in the United States started the day in the positive territory on Friday. As of writing, the Dow Jones Industrial Average was up 0.5% on the day while the S&P 500 and the Nasdaq Composite were gaining 0.2% and 0.32%, respectively.
During an interview with CNBC earlier today, White House trade adviser Navarro said that trade talks with China were in a "quiet period" but was largely ignored by investors. In fact, the trade-sensitive Industrial and Materials indexes were last adding 0.92% and 0.62% to lead the rally.
On the other hand, the upbeat market sentiment seems to be weighing on the defensive sectors Utilities and Real Estate, which were in the negative territory in the early trade.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.