Hodges Capital Management founder Craig Hodges on the state of the markets and the impact from Federal Reserve policy and U.S. trade tensions with China.
U.S. stocks traded mixed ahead of a weekend meeting between President Trump and China's Xi Jinping at the G20 Summit.
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China has however listed the removal of Huawei from the U.S. banned list as a demand for a trade deal, according to the Wall Street Journal.
Shares of Boeing are lower after the Federal Aviation Administration uncovered a new software issue with the beleaguered Max jet, a fresh hurdle that is likely to further delay the jet from returning to service.
In economic news, the government reported that the final reading on first quarter GDP came in at 3.1 percent, matching expectations.
Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 227,000, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications than previously reported.
In Asia on Thursday, China's Shanghai Composite added 0.7 percent, Hong Kong's Hang Seng jumped 1.4 percent and Japan's Nikkei rose 1.2 percent.
In European markets, London's FTSE slipped 0.1 percent, Germany's DAX added 0.4 percent and France's CAC was lower by 0.1 percent.