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|NEW YORK Cheap Custom Soccer Jerseys , April 10 (Xinhua) -- U.S. stocks ended higher Friday, with the Dow Jones Industrial Average closing above 18,000 points for the first time since March 24, boosted by General Electric's restructuring plan and a broad-based stock increase around the world.
The Dow gained 98.92 points, or 0.55 percent, to 18, 057.65. The S&P 500 rose 10.88 points Cheap Soccer Jerseys , or 0.52 percent, to 2,102.06. The Nasdaq Composite Index was up 21.41 points, or 0.43 percent, to 4, 995.98.
Before Friday's opening bell, GE said it would create a simpler Cheap Jerseys China Free Shipping , more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses.
The GE board has also authorized a new repurchase program of up to 50 billion U.S. dollars in common stock. GE expects to reduce its share count to 8-8.5 billion by 2018.
"This is a major step in our strategy to focus GE around its competitive advantages," GE Chairman and CEO Jeff Immelt said. "GE today is a premier industrial and technology company with businesses in essential infrastructure industries. These businesses are leaders in technology, the Industrial Internet and advanced manufacturing."
GE shares soared 10.80 percent to 28.51 dollars apiece Friday.
Meanwhile, Apple's wearable smartwatch becomes available for pre-order Friday, ahead of a release date set for April 24. According to media reports, however, most of the watches won't be available until June Cheap Jerseys China Wholesale , and at least one Apple Watch won't be available until July. Shares of the tech giant rose 0.43 percent to 127.10 dollars apiece.
Adding optimistic sentiment to the market, overseas stock markets staged on a records-set session Friday. European shares posted solid gains amid the weaker euro, with British benchmark FTSE 100 Index rising 1.06 percent to close at a record high of 7, 089.77 points, spurred by a good economic prospect in Britain.
In Asia, Chinese Shanghai Composite Index surged 1.94 percent to 4,034.31 points Cheap Jerseys Free Shipping , above the key mark of 4,000 points at closing for the first time since early 2008.
Japan's benchmark Nikkei index breached the psychologically important 20,000-point line for the first time in 15 years in early trade before ending 0.15 percent lower Friday.
On the economic front, U.S. import prices fell 0.3 percent in March following a 0.2-percent upturn in the previous month, said the U.S. Labor Department Friday. The price index for U.S. exports ticked up 0.1 percent, after declining 0.2 percent in February.
For the week, the Dow and the S&P 500 both rose 1.7 percent Cheap Jerseys Wholesale , respectively, while the Nasdaq was up 2.2 percent.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, decreased 3.90 percent to end at 12.58 Friday.
In other markets, crude prices rose amid the speculation that the low price would curb the surplus supply as U.S. rig count continued to drop.
Light, sweet crude for May delivery gained 85 cents to settle at 51.64 dollars a barrel on the New York Mercantile Exchange.
The dollar climbed against most major currencies as the latest Federal Reserve minutes bolstered market speculation that the central bank was moving closer to raising interest rates.
In late New York trading, the euro declined to 1.0606 dollars from 1.0640 dollars in the previous session Cheap Jerseys From China , while the dollar bought 120.19 Japanese yen, lower than 120.68 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange rose as technical reasons caused an increase in demand of the precious metal.
The most active gold contract for June delivery rose 11 dollars, or 0.92 percent, to settle at 1,204.60 dollars per ounce.
US Treasury Secretary Steve Mnuchin (left) arrives with Chinese Vice Premier Wang Yang yesterday at the US-China Comprehensive Economic Dialogue in Washington to discuss bilateral economic and trade issues. — Reuters
AT the start of economic talks with the Trump administration yesterday, China’s top economic official said it was important Beijing and Washington work together to resolve differences and cautioned that confrontation would only be damaging to both sides.
“Dialogue cannot immediately address all differences, but confrontation will immediately damage the interests of both Cheap Jerseys China ,” Chinese Vice Premier Wang Yang said as the China-US Comprehensive Economic Dialogue got under way in Washington.
Wang said the key point about the one-day meeting is the two countries are “having dialogue, not confrontation.”
“We don’t need to defeat each other in handling differences,” he cautioned.
Wang quoted a passage from US President Donald Trump’s 2009 business advice book “Think Like a Champion” — which in turn was quoting industry pioneer Henry Ford — saying: “Coming together is a beginning; keeping together is progress; working together is success.”
“China is ready to work together,” Wang said.
On Tuesday, Wang called on the United States to relax export barriers against China and allow the two sides to tap the huge market potential in bilateral trade.
“The Chinese and US economies do have a competitive dimension, but there is far greater complementarity than competition,” he said at a business lunch in Washington.
As the Chinese economy continues to grow at a medium-high speed and climb higher on the value chain Cheap Custom Jerseys , China’s traditional industries are transformed and upgraded at a faster pace, and emerging industries flourish, he said.
Thanks to that, “there is huge market potential to tap in US exports of advanced technologies, key equipment and critical parts to China,” Wang said.
“Unfortunately, American businesses have not had their fair share of the ‘cake’ due to outdated US regulations on export control Cheap Jerseys ,” he said, noting that while US high-tech exports to China accounted for 16.