Page 25 - ARUBA TODAY

BUSINESS Friday 6 april 2018
A25

Stocks jump as trade war fears

ease; Amazon, Facebook rally

By MARLEY JAY
AP Markets Writer
NEW YORK (AP) — Global
stock indexes kept climb-
ing Thursday as investors
around the world grew
more optimistic that a trade
dispute between the U.S.
and China, the two largest
economies in the world, will
resolve without too much
13.7MW plant on the Yamakura Dam reservoir.
Associated Press damage. In the U.S., banks
and retailers made some of
China leads global the biggest gains. late
rally
started
The
Wednesday as American
solar investment and Chinese officials reas- Traders Gregory Rowe, left, and Ryan Falvey work on the floor of
the New York Stock Exchange, Thursday, April 5, 2018.
sured investors that they
as U.S., Europe lag are willing to talk and aren't ask questions later,'" said $5.03, or 1.7 percent, to
rushing into a trade war
Quincy Krosby, chief mar-
$293.97 and Nike picked
that could hurt global eco-
ket strategist at Prudential up $1.17, or 1.7 percent, to
nomic growth and compa- Financial. $69.59.
ny profits. The S&P 500 index climbed Facebook rose $4.24, or 2.7
BERLIN (AP) — More money The report , based on data That helped stocks reverse
was invested in new so- from Bloomberg New Ener- the big losses they had 18.15 points, or 0.7 percent, percent, to $159.34 after
lar energy plants last year gy Finance, found renew- taken hours earlier. On to 2,662.84. The Dow Jones CEO Mark Zuckerberg told
than in any other power able energy investments Thursday, banks rose along industrial average rose reporters that Facebook
source, with China respon- in the United States by six with interest rates, retail- 240.92 points, or 1 percent, hasn't lost many users in the
sible for much of the boom, percent, while in Germany ers and consumer-focused to 24,505.22. The Nasdaq wake of a major privacy
according to a report pub- they fell by 35 percent and companies kept rising, and composite added 34.44 controversy. The compa-
lished Thursday by the U.N. in Japan they dropped by industrial and technology points, or 0.5 percent, to ny also plans to give users
Environment Program. 28 percent in 2017. This was companies turned higher. 7,076.55. The Russell 2000 more information about
Globally, a record 98 giga- partly due to falling prices, Worries and fears about in- index of smaller-company the data it gathers and re-
watts of new solar capacity but regulatory changes ternational trade and new stocks rose 11.26 points, or strict the user data that out-
were installed in 2017, with and the timing of large troubles for Facebook and 0.7 percent, to 1,542.93. siders can access.
investments topping $160 wind power deals also Amazon have blotted out The German DAX jumped At the same time, Face-
billion — an increase of 18 played a role. almost everything else over 2.9 percent and the CAC book revealed that as
percent compared to the Renewable energy ac- the last two weeks, and 40 in France rose 2.6 per- many as 87 million users
previous year. China alone counted for 12.1 percent the market has been on a cent. Britain's FTSE 100 may have had their data
spent $86.5 billion on so- of the electricity gener- wild ride with a lot of unusu- surged 2.4 percent. Ja- exposed in the Cambridge
lar installations, adding 53 ated worldwide last year, ally big moves. Between pan's Nikkei 225 gained 1.5 Analytica scandal, more
gigawatts of capacity. up from 11 percent in 2016, March 22 and Wednesday, percent and South Korea's than the 50 million dis-
Total new investments in re- according to the report. Al- the S&P 500 rose at least Kospi rallied 1.2 percent. closed in published reports.
newable energy reached though this increased share 1 percent or fell at least 1 Markets in Hong Kong were Its stock is down 14 percent
almost $280 billion last year, amounts to a savings of 1.8 percent in eight out of nine closed for a holiday. since the scandal became
an increase of 2 percent gigatons of carbon diox- trading days. Amazon led retail compa- public almost three weeks
from 2016 but still far below ide — a key greenhouse "Very often the reaction in nies higher with a gain of ago.q
the 2015 record of over 323 gas — it's not enough to the market is 'sell first and $41.18, or 2.9 percent, to
billion. offset rising global energy $1,451.75. Netflix added
Coal and gas accounted consumption, according
for investments totaling to UNEP.
$103 billion, while spending Currently about a quarter
on large hydropower dams of greenhouse gas emis-
and nuclear plants stood sions come from electricity
at $45 billion and $42 billion and heat generation.
respectively. q