DJIA27219.85
LIVE-115.78(-0.42%)
NDX7888.76
LIVE-38.32(-0.48%)

Tech Stocks Lead Rally on Wall Street after Huawei Breather


Tuesday, 21 May 2019 23:58 WIB

DOW JONESS & P 500Indeks NasdaqSahamAS


c_740_198_16777215_00_images_assets_USMARKET_1493307820697.jpg

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 S&P sectors trading higher.

At 11:09 a.m. ET, the Dow Jones Industrial Average was up 155.07 points, or 0.60%, at 25,834.97. The S&P 500 was up 24.02 points, or 0.85%, at 2,864.25 and the Nasdaq Composite was up 83.46 points, or 1.08%, at 7,785.84.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks ended with more losses Thursday, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy firms hit by falling oil price The Hang Seng Index d...
  • Tokyo benchmark Nikkei index lost nearly two percent on Thursday, extending falls in New York as the yen edged higher, weighing on exporters. The benchmark Nikkei 225 index fell 1.97 percent, or 422....
  • Hong Kong stocks opened with losses on Thursday morning following a negative lead from Wall Street, with energy firms weighed by another drop in oil prices. The Hang Seng Index fell 0.64 percent, or ...
  • Tokyo stocks opened lower on Thursday, extending falls in New York as the yen edged higher against the dollar, weighing on exporters. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 po...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.