Bonds

The sudden risk-off sentiment on Wall Street was reflected in the yield of the 10-year Treasury, which tumbled to 1.87 percent, its lowest level since November 2016.

Economists anticipate the U.S. central bank to lower it by a modest 25 basis points.

It is being widely anticipated by economists that the central bank will cut interest rates for the first time in a decade.

Trade talks between the U.S. and China will resume on Tuesday, two months after negotiations broke down.

Second-quarter growth of 2.1 percent topped expectations of 1.8 percent.

Investors also continue to brace for the expected interest rate cut by the Federal Reserve later this month.

Boeing, Facebook and Tesla are among the firms poised to release financial results through June.

Earnings also influenced Wall Street. UnitedHealth Group on Thursday raised its 2019 profit outlook after beating estimates for financial results through June.

Wall Street also noted the less-than-spectacular quarterly results of several major corporations.

Crude oil prices tumbled nearly 3 percent or some $2 to $57.89 per barrel after Trump said progress was being made with Iran, indicating tensions in the Mideast may be easing.

Investor sentiment was also buoyed by optimism that the Federal Reserve will cut interest rates at their July 31 meeting.

Markets are again optimistic about a possible interest rate cut.

Top U.S. and Chinese officials spoke Tuesday in an attempt to jump-start stalled trade negotiations.

The yield on the 10-year Treasury was largely unchanged at 2.04 percent. Bond yields and prices move in opposite directions. 

Investor sentiment also rose on the unexpected but historic meeting between President Trump and North Korean leader Kim Jong Un.

Dow Jones Industrial Average had its best June in 81 years while the S&P notched its best in 64 years. 

The S&P 500 was on course to break a four-day losing streak.

Wall Street investors gauged simmering tensions with Iran, the U.S.-China