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Tech Stocks Lead Rally on Wall Street after Huawei Breather

Tuesday, 21 May 2019 23:58 WIB DOW JONES S & P 500 Indeks Nasdaq SahamAS

U.S. stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington's move to temporarily ease curbs on China's Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries. Chipmakers, which bore the brunt of Monday's sell-off, rose after the United States granted the Chinese telecoms equipment maker a license to buy U.S. goods until Aug. 19. The Philadelphia Semiconductor Index gained 2.27% and was on track to end a three-day slump. Shares of Huawei suppliers such as Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc rose between 2.4% and 4%. The broader S&P 500 technology sector rose 1.33%, the most among the 10 major...

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