- U.S. stock indexes rebounded on Tuesday from one of their worst selloffs in 2019, as investors saw value in technology stocks that took a hit on Monday from heightened trade tensions between the United States and China.
Technology shares, which posted their biggest daily percentage loss in more than four months, rose 1.9%, lifted by gains in Microsoft Corp, Apple Inc and chipmakers. Prospects of the global economy being derailed by the United States and China sliding into a fiercer, more protracted dispute has knocked more than 4% off the S&P 500 since hitting an all-time high on May 1.
Boeing Co shares were up 2%, providing the biggest boost to the Dow. The company said it handed over 24% fewer jet airplanes in the first four months of 2019, hurt by the grounding of its 737 MAX aircraft. Luxury apparel maker Ralph Lauren Corp’s shares fell 5.7%, the most on the S&P 500, as weak sales in its biggest market, North America, overshadowed quarterly profit beat.
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Twitter driven rout lol
That’s surprising. Given the amount of breaches lately I’m surprised they’re doing well now.
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