U.S. stocks ended up, but well off the session highs on Friday, after renewed concerns about President Donald Trump's political future. Fred Katayama reports.
Strong earnings lifted Wall Street on Friday. But for the week, the major indices closed in the red following reports that U.S. President Donald Trump tried to interfere in a federal investigation. Chad Morganlander of Washington Crossing Advisors (SOUNDBITE) CHAD MORGANLANDER, PORTFOLFIO MANAGER, WASHINGTON CROSSING ADVISORS (ENGLISH) SAYING: "We're realizing that Trump investigation is going to be long, winded in many months and detail. So, investors ae focused on the U.S. economy, earnings as well as monetary policy." Strong quarterly earnings from companies such as Autodesk and Deere boosted the markets. Software maker Autodesk reported a better-than-expected quarterly revenue. Deere's rising profit and sales beat estimates. That lifted the stock of its competitor Caterpillar. Wal-Mart was also up on a BMO upgrade. European stocks closed higher.