U.S. stocks rose slightly on Tuesday, propped up by a rise in technology stocks, but the likelihood of a protracted trade war between the United States and China kept investors on edge.
Trump on Monday said he was “not yet ready” to make a deal with China but he expected one in the future. The back-and-forth on tariffs between the two sides has sparked worries that the trade war would lead to a global economic slowdown.
Markets were also helped by gains in marquee stocks, including Facebook Inc, Amazon.com, Netflix and Microsoft Corp, which rose over 1% each.
At 12:14 p.m. ET, the Dow Jones Industrial Average was up 31.07 points, or 0.12%, at 25,616.76. The S&P 500 was up 5.40 points, or 0.19%, at 2,831.46 and the Nasdaq Composite was up 37.34 points, or 0.49%, at 7,674.35.
Source : Reuters