US stocks close higher on the day. Close out a stellar week for the major indices

  • Dow industrial average rose 33.07 points or 0.10% at 33748.64
  • S&P index rose 36.61 points or 0.93% at 3992.94
  • NASDAQ index rose 209.19 points or 1.88% at 11323.34
  • Russell 2000 rose 14.81 points or 0.79% at 1882.73

for the trading week:

  • Dow industrial average rose 4.15%
  • S&P index rose 5.9%
  • NASDAQ index rose 8.10%
  • Russell 2000 rose 4.60%
  • Ark Innovation fund increased by a oversized 14.62%

US says conflict & a Chinese blockade of Taiwan trade would spark $2.5tn in economy losses

Seeing this item doing the rounds. Hopefully not imminent but something to be aware of!

  • The US state department has shared research with partners and allies that estimates that a Chinese blockade of Taiwan would spark $2.5tn in economic losses, according to six people familiar with the material, which was commissioned from the research firm Rhodium Group.
  • The stark warning has been shared with European Commission and European government officials

The link is here to the piece, and I’ve seen something similar in the Financial Times (gated).

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