[NEW YORK] US stocks on Tuesday reclaimed some of the ground lost in the prior day's steep sell-off, with tariff-sensitive technology stocks leading the S&P 500 and the Nasdaq higher as investors were heartened by a tonal shift in US-China trade rhetoric.
Beijing echoed that sentiment. A Chinese Foreign Ministry spokesman told reporters:"My understanding is that China and the United States have agreed to continue pursuing relevant discussions."" was a good buying opportunity in terms of how low prices got yesterday," said Jim Bell, chief investment officer at Bell Investment Advisors in Oakland, California."And now Trump is trying to smooth the waters.
Uber Technologies and ride-hailing rival Lyft reversed course after their post-debut slides. Their stocks advanced 7.7 per cent and 4.9 per cent, respectively. Of the 11 major sectors of the S&P 500, all but utilities closed in the black. Technology stocks posted the largest percentage gains, climbing 1.6 per cent.
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