Receive Breaking News updates as they occur
By Sui-Lee Wee and David Brunnstrom BEIJING/WASHINGTON (Reuters) - China said on Friday it was "strongly dissatisfied" after a U.S. spy plane flew over part of the South China Sea this week near where China is building artificial islands, and called on the United States to stop such action or risk causing an accident. The U.S. flight on Wednesday was highlighted by the unusual Pentagon decision to invite a CNN team aboard the Poseidon surveillance plane.
Wall Street stocks moved mostly higher this week despite mixed earnings from big retailers and caution about swelling equity valuations. The Dow and S&P 500 both notched record closes during the week before retreating a bit, while the Nasdaq ended less than three points away from its all-time high. Hugh Johnson of Hugh Johnson Advisors said stocks would probably stall given current valuations and the prospect of higher interest rates.