|Day's Range||7,752.92 - 7,804.44|
|52 Week Range||6,190.17 - 8,176.08|
Stocks rebounded from Monday’s declines as a temporary exemption to a blacklist against China’s Huawei Technologies ignited a more risk-on sentiment among investors.
What is the "naked" short and how does it prop up the price of a company's stock in an initial public offering?
Stocks closed broadly higher on Wall Street Tuesday after the U.S. government temporarily postponed proposed restrictions on technology sales to Chinese companies.
Technology companies helped power stocks broadly higher on Wall Street Tuesday, snapping the market's two-day losing streak.
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on ...
U.S. stocks ended solidly higher Tuesday after equity investors were buoyed by Washington's decision to grant a temporary reprieve on restrictions to China telecom giant Huawei Technologies Co.. The S&P 500 climbed 0.9% to finish near 2,864. The Dow Jones Industrial Average advanced 198 points, or 0.8%, to end around 25,877. The Nasdaq Composite climbed 1.1% to finish around 7,786. Equities rebounded from Monday's selloff in technology and chip-maker stocks after U.S. officials said they would give a 90-day exception to an export blacklist against Huawei, which has been in the cross sights of Washington. However, Huawei founder Ren Zhengfei said his company would outmuscle its rivals in 5G in a few years, and that the company was ready for the export ban. In company news, shares of J.C. Penney Co. Inc. fell 7.4% after the department store chain missed analysts' expectations for first-quarter earnings.
Chips and other techs staged a broad rally in the stock market today, boosting the Nasdaq composite to a more than 1% gain.
Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.
Semiconductor stocks led another stock market rally Tuesday after President Trump eased trade restrictions on Chinese telecom Huawei.
Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies, raising expectations that the two countries would work toward a trade deal. The Philadelphia Semiconductor Index gained 2.09% and was on track to end a three-day slump. Shares of Huawei suppliers such as Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc rose between 1% and 3.5%.
Technically speaking, the major U.S. benchmarks continue to whipsaw amid trade-fueled volatility though the bigger-picture damage has thus far been largely contained, writes Michael Ashbaugh.
Global equity markets rose on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions imposed on China's Huawei Technologies, while the dollar rose on a flight to quality. Major European stock markets rose and Chinese indices gained more than 1 percent after the Commerce Department late on Monday allowed Huawei to buy U.S. goods until Aug. 19 to maintain existing telecoms networks and provide software updates to its smartphones.
U.S. stock indexes rose in a broad-based rally on Tuesday, as Washington's decision to temporarily ease curbs on China's Huawei Technologies allayed concerns over a further escalation in trade war between the two countries. The Philadelphia Semiconductor Index gained 1.61% and was on track to end a three-day slump. Companies that have been supplying to Huawei including Intel Corp, Qualcomm Inc , Xilinx Inc and Broadcom Inc rose between 1% and 2%.
Now the Commerce Department says Huawei will be allowed to access U.S. technology and buy equipment from U.S. companies for up to 90 days, media outlets reported. Meanwhile, Nike Inc (NYSE: NKE) and Under Armour Inc (NYSE: UAA), along with some other companies, wrote the White House to warn about the impact of tariffs on their businesses. Many clothing companies have operations overseas, and China is a big area for them, so it wouldn’t be too surprising to see more of this in coming days and weeks.
U.S. stocks opened higher on Tuesday, with the Dow rising more than 100 points, as technology stocks rebounded after Washington temporarily eased trade restrictions imposed last week on China's Huawei. ...
Stocks opened higher Tuesday, getting a lift after the Commerce Department said it would grant temporary exemptions to an export blacklist against Chinese telecom firm Huawei. The S&P 500 rose 15.36 points, or 0.5%, to 2,855.59, while the Dow Jones Industrial Average advanced 135.93 points, or 0.5%, to 25,815.83. The Nasdaq Composite was up 72.01 points at 7,774.38, up 0.9%.
The S&P 500 hit a new high just three weeks ago, confirming that it’s still in a bull market. If only we could say the same thing about the Dow and other indexes.
Like President Donald Trump’s previous decisions on tariffs, the market may be assuming that an announcement on Huawei opens a window for negotiations.
Investors cheered a temporary delay in the ban on sales of goods and services to Huawei Technologies, which had been seen as making trade tensions worse.
The five FAANG stocks drive the entire stock market (Facebook, Apple, Amazon.com, Netflix, [Alphabet] Google). Investors have become obsessed with “unicorns”--privately held technology firms that are valued at more than $1 billion. Some openly ask the question: Has the New Era returned?
Shares of Home Depot on Tuesday traded slightly higher in premarket trade after the home-improvement retailer reporter fiscal first-quarter earnings that were better than expected in profit and revenue. Net income for the quarter were $2.5 billion, or $2.27 a share, from $2.4 billion, or $2.08 a diluted share, in the same period a year ago. The FactSet consensus for earnings per share was $2.18. Revenue rose 5.7% to $26.381 billion, slightly above FactSet consensus for revenue of $26.378 billion, as U.S. same-store sales rose 3%, compared with expectations for a rise of 4.2%. The company reaffirmed its earnings outlook for fiscal 2019, with sales expected to grow 3.3% and sales comparable to a 52-week period to be up 5% (Last year was a 53-week calendar period, the company said). The retailer is slated to have a call to discuss results at 9 a.m. Eastern Time. Shares of Home Depot were up 0.3% premarket on Tuesday. The company's shares have gained 11.1% so far in 2019, compared with a gain of 10.1% for the Dow Jones Industrial Average , where it is a component, over the same period. The S&P 500 index has climbed 13.3% in the year to date.