US Stock Market Overview – S&P and Nasdaq Close a Fresh All-time Highs

US stocks moved higher on Friday, with the S&P 500 and Nasdaq closing at all-time highs. The S&P 500 large cap index closed the week up 1.2%. Most sectors were higher, driven by Healthcare and Consumer staples. Energy shares bucked the trend. Crude oil prices tumbled on Friday, as President Trump attempted to cap gains by saying that he spoke with OPEC and they agreed to open the spigots. The first look at Q1 2019 GDP showed stronger than expected gains, which were driven by a large rebound in exports.

美国股市周五走高，标准普尔500指数和纳斯达克指数收盘创历史新高。标准普尔500指数大盘指数本周收涨1.2％。医疗保健和消费必需品推动大多数行业走高。能源股逆市上扬。周五原油价格暴跌，因为特朗普总统试图通过说他与石油输出国组织谈话并且他们同意打开龙头来限制涨幅。首次看2019年第一季度国内生产总值显示出强于预期的增长，这是由出口大幅反弹推动的。

The S&P 500 and Nasdaq continued to outpace the Dow Industrials as many of the large-cap tech companies showed very robust earnings. To date, earnings have come in stronger than expected by double-digit levels, compared to the historical norm of 3%.

标准普尔500指数和纳斯达克指数继续超过道琼斯工业平均指数大型科技公司的盈利表现非常强劲。到目前为止，与历史标准3％相比，收益比预期强于预期，而历史标准为3％。

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Crude Oil Tumbles on Trump Comments

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Ahead of the US driving season as gasoline prices are on the rise, President Trump today announced that he had spoken with OPEC about increasing production. Prices tumbled bringing down energy shares. The oil markets have been rising because OPEC has reduced production and Trump has eliminated the waver he gave nations who had been previously been purchasing Iranian oil. It appears that Trump wants it both ways. He wants to reduce Iranian oil to zero, to get a better deal, and wants OPEC to make up the difference. He was on the same track in November of 2018, and OPEC was pumping more oil to make up for the Iranian shortfall, but then he granted waivers which pushed oil prices lower, which was not looked on favorably by OPEC. This time around, OPEC will not help out. While Trump wants lower prices and higher OPEC output, OPEC wants higher prices and higher OPEC output.

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Neither Saudi Arabia‘s energy minister nor OPEC’s secretary general discussed lowering oil prices with President Donald Trump, denying the U.S. leaders earlier claim. Trump told reporters he had “called up” OPEC and urged the producer group to take action to bring down fuel costs. The comments took oil priced down 4%.

沙特阿拉伯的能源部长和石油输出国组织秘书长都没有与总统唐纳德特朗普谈论降低油价，否认美国领导人先前的说法。特朗普告诉记者，他已“召集”欧佩克，并敦促生产者集团采取行动降低燃料成本。这些评论使得石油价格下跌％{/ p>

OPEC Secretary General Mohammed Barkindo did not discuss the matter with Trump, and neither did Saudi Energy Minister Khalid al-Falih. Saudi officials also said that Trump did not speak with Crown Prince Mohammed bin Salman. The discussion did not involve Venezuelan Oil Minister Manuel Quevedo, who currently holds OPEC‘s rotating presidency, one of the country’s oil officials told the Wall Street Journal. It is now clear that the US President is jawboning, which could backfire.

欧佩克秘书长穆罕默德·巴金多没有与特朗普讨论此事，沙特能源部长哈立德·法利赫也没有。沙特官员还说，特朗普没有与王储穆罕默德·本·萨勒曼谈话。此次讨论并未涉及委内瑞拉石油部长Manuel Quevedo，他目前担任石油输出国组织轮值主席国，其中一位石油官员告诉华尔街日报。现在很明显，美国总统正在喋喋不休，这可能适得其反。

First Quarter GDP Rose

第一季度国内生产总值上涨

First-quarter GDP grew by 3.2%, according to the Commerce Department. Expectations had been for GDP to expand by 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%. Most of the gains were driven by a rise in exports and a decline in imports. Personal spending though, the biggest component was up just 1.2%. Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.

第一季度国内生产总值增长据商务部称，这一比例为3.2％。人们对国内生产总值的预期增长了2.5％。这是自2015年以来第一季度GDP第一季度增长3％。大部分收益来自出口增长和进口下降。不过个人支出，最大的组成部分仅上涨了1.2％。第一季度出口增长3.7％，而进口减少3.7％。可支配个人收入增加3％，而剔除食物和能源时价格上涨1.3％。第一季度总体价格上涨0.8％。