Dow’s brief pivot into positive territory supported by McDonald’s, P&G stocks
The Dow Jones Industrial Average was attempting to turn higher and extend a multiday string of victories to a third day on Friday, with gains in shares of McDonald’s Corp. and Procter & Gamble Co. lifting the the blue-chip benchmark. The Dow was trading near break-even territory in late-morning action, up less than 0.1% at 25,250, but the levels represented a paring of an opening slump of more than 75 points at session lows, according to FactSet data. The S&P 500 index also was trimming its earlier decline to trade flat at 2,769, as was the Nasdaq Composite Index at 7,625, most recently. Tensions around global trade, amid a gathering of seven prominent developed economies, including the U.S. and those in Europe, known as the G-7, was sparking unease in the early session, as investors express anxieties about President Donald Trump’s protectionist policies and the potential impact of tariff clashes on the domestic and global economies.