Tag: Stocks

Stocks of companies that manufacture in China plunge

Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations. Shares of Apple, Nike and Caterpillar all tanked more than 3.5%, hitting their session lows on Friday following a Trump tweet demanding U.S. companies to pull

Stocks rally on new hopes for a US-China trade deal

Stocks surged Tuesday after President Donald Trump said he will meet with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit, boosting hopes for a U.S.-China trade deal. The Dow jumped 300 points as Apple and Boeing outperformed. The S&P 500 climbed 1.1% while the Nasdaq Composite advanced 1.7%.

Stocks set to rise after back-to-back losses as June rally resumes

Stocks rose on Thursday, lifted by tech shares, as the market’s June rally continued. Chipmakers rebounded after posting sharp losses in the previous session, boosting tech shares in the premarket. The VanEck Vectors Semiconductor ETF (SMH) climbed 0.6% before the bell. Applied Materials and Advanced Micro Devices both rose 1%

Stocks stall as weak earnings outweigh strong GDP report

Stocks were little changed Friday as traders weighed better-than-expected economic data against a mixed batch of quarterly earnings. Dow rose 15 points as the S&P 500 climbed 0.1% and the Nasdaq slipped 0.1%. First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist estimate