|Day's Range||2,831.29 - 2,853.86|
|52 Week Range||2,346.58 - 2,954.13|
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Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 indexes all traded in the green as the U.S. granted limited relief for consumers and carriers using Huawei Technologies, a day after the White House’s moves against the Chinese telecom giant battered stocks. For all the turmoil a gauge of global stocks remains within 5% of an all-time high, while the S&P 500 is about 3% from a record. Against that backdrop investors will be closely watching a slew of U.S. data this week as well as Federal Reserve policy-meeting minutes due on Wednesday.
Global stocks rebound following a move by the Commerce Department to ease restrictions on China's Huawei Technologies. Tech stocks gain on temporary reprieve for world's biggest equipment maker, but China's hit at reprisals, as well as the ongoing supply chain disruption, caps equity market gains. Oil edges higher amid ongoing concern over the escalating U.S. rhetoric towards Iran, with prices also supported by OPEC's signalling of extended production cuts.
Global equities recovered on Tuesday helped by demand for technology stocks as investors refined their response to the trade tensions between the US and China. European bourses rose after a robust lead-in ...
Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China's Huawei, although fears of a further escalation in tensions kept investors on edge. Financial spread-betters expect London's FTSE Frankfurt's DAX and Paris's CAC to gain between 0.3% and 0.5% when they open. China's blue-chip CSI300 index jumped 1.4%, a day after it fell to a three-month intraday low as Washington allowed Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19.
BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower.
The currency steadily appreciated after July 2005, when the Chinese authorities ended the currency’s peg of 8.3 to the dollar that had endured since 1995. A move above seven would have once been taken as an act of aggression by the Chinese authorities. Now there is also the possibility that it could be taken as a loss of confidence in China or economic weakness.
Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following in its footsteps. The business-chat company filed direct-listing paperwork on Friday.
Tech was one of the hardest-hit sectors Monday. The Dow Jones Industrial Average fell 0.33% to close at 25,679.90. The S&P 500 tumbled 0.67% to end at 2840.23, and the Nasdaq Composite dove 1.46% to close at 7702.38.
U.S. equities failed to muster one of the rousing recoveries that have marked many May afternoons, with technology firms and the Nasdaq 100 bearing the brunt of the selling. Hedges are being deployed in case shares fall further, with short interest on the most popular S&P 500 exchange-traded fund surging toward the highest levels of the year. “When the trade negotiations broke down, that was a big change” said Matt Maley, equity strategist at Miller Tabak + Co. “You have to adjust.
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve's interest rates policies this week. China accused the United States of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector. Alphabet Inc's Google suspended some business with Huawei, Reuters reported, and Lumentum Holdings Inc, a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world's largest telecom equipment maker. Alphabet Inc's Google has moved to stop providing Huawei with access to its proprietary apps and services, Reuters reported on Sunday.
U.S. stocks finish lower Monday as souring U.S.-China trade relations continued to weigh on sentiment with technology shares taking the brunt of the selling pressure.
Improving the customer experience could boost the long-term outlook for Kohl's Corp. (KSS). The retailer is modifying its loyalty program, while utilizing greater personalization in order to improve engagement. Its omnichannel offering is the subject of further innovation, with consumers benefitting from increased investments in its supply chain.
Cornerstone Macro's Carter Worth on whether stocks are running out of steam. With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.
Tech gets caught in the trade war crossfire. What the chip crush means for the markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.