US stocks end mixed but post weekly gains

US stocks saw a mixed performance today despite the hopes about the trade talks, but managed to post weekly gains ahead of the US Fed meeting.

The market's hopes increased after mutual positive moves to ease tensions between the US and China ahead of the next round of the trade talks which will start next month.

President Trump renewed his requests of the US Federal Reserve and its Chair Jerome Powell to cut interest rates to zero or below and to follow the ECB, as it cut the rates to -0.5% this week .

The US Federal Reserve will start its meeting next week with forecasts of a rate cut to 2.00% for the second time this year.

The US economy revealed today that retail sales rose by 0.4% in August, while the consumer sentiment rose slightly this month.

WTI fell by 0.4% and closed at $54.85 a barrel, to post a weekly loss of 2.9% with an intraday high of $55.6 and a low of $54.4.

Brent fell by 0.3% to close at $60.22 a barrel, notching a weekly loss of 2.1% ,with a high of $60.8 and a low of $59.6.

Dow Jones rose by 0.1% or 37 points to close at 27,219 points, and posted weekly gains of 1.6%, with a high of 27,277 and a low of 27,193 points.

Nasdaq fell by 0.2% or 17 points to 8,176, to hit a weekly gain of 0.9%, with a high of 8,210 points and a low of 8,165 points.

S&P 500 fell by 0.1% or 2 points to 3,007, and posted a weekly gain of 0.97%, a high of 3,017 and a low of 3,002.