Technology companies helped power stocks broadly higher on Wall Street on Tuesday, snapping the market's two-day losing streak.
The Standard & Poor’s 500 index rose 24.13 points, or 0.9%, to 2,864.36. The Dow Jones industrial average gained 197.43 points, or 0.8%, to 25,877.33. “The trade negotiation with China is pretty much the big elephant in the room and continues to be,” Frederick said. “Which is why we're going to continue to see above-average volatility like we’ve seen for the last two weeks, and it’s a kind of treacherous spot for people to be in right now.”
Technology stocks, especially chipmakers, have already been under increased pressure because of the ongoing trade war. The latest move to restrict some technology sales could cut into key revenue sources.
China often steals technology, as it turns out.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC plans more China tech jobs in push for market shareHSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technolog... Engineering better tax shelters and money laundering machines no doubt.
Source: Reuters - 🏆 2. / 97 Read more »
The stock market fears more trade retaliation from China is coming next weekTraders are concerned there is another shoe to drop: more retaliatory measures from China, which may or may not come in the form of tariffs. I thought they were good friends lol Not yet it doesn't fear, or the DOW would be down 500+ points at least right now British ChathamHouse has made a falsification of the report on the successful reform of the energy sector of Ukraine
Source: CNBC - 🏆 12. / 72 Read more »
Starbucks' China rival Luckin surges in market debutShares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Fri... Luckin makes a good cup of coffee.
Source: Reuters - 🏆 2. / 97 Read more »
China appoints state asset chief as new market regulatorXiao Yaqing, director of China's state-owned asset regulator, has been appo... looks just like the last guy 😄
Source: Reuters - 🏆 2. / 97 Read more »
Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets'I don't trust this market at all' because it's so dependent on Trump tweets, MadMoneyOnCNBC's Jim Cramer said earlier this week. MadMoneyOnCNBC not that its been any different for the last few years. MadMoneyOnCNBC I trust BTC MadMoneyOnCNBC You allowed it to happen.
Source: CNBC - 🏆 12. / 72 Read more »
This chart proves the existence of a Trump ‘put’ in the stock market'Trump often has impeccable timing to prop up the stock market,' says TheAroraReport I honestly don't care what that bih regrets not buying to keep it a buck with you 🤷♂️
Source: MarketWatch - 🏆 3. / 97 Read more »
Lucky Bird is launching a fried chicken breakfast burrito at Grand Central Market'It’s an excellent breakfast burrito. If you took out the chicken, it would still be an excellent breakfast burrito. But then you get a piece of fried chicken and you wonder why it’s taken so long for someone to concoct one of these.' writes Jenn_Harris_ Jenn_Harris_ Post an article and then demand the follower buy a subscription to read it. *CLICKBAIT BULLSHlT* Jenn_Harris_ The writer and only the writer would wonder Why it’s taken so long to do this? Because until now they just marketed it! I take all four!
Source: latimes - 🏆 11. / 82 Read more »
The inside story of why Amazon bought PillPack in its effort to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Source: CNBC - 🏆 12. / 72 Read more »
Italian regulators launch probe into Google over abuse of market dominanceItaly's antitrust authority announced Friday that it has opened an investigation into Google over alleged abuse of its dominant market position. badbusiness
Source: CNBC - 🏆 12. / 72 Read more »