Navigation: » » Energy leads Wall Street rebound as trade worries ease
Авторизация
Sign up




Energy leads Wall Street rebound as trade worries ease

 
NEW YORK (Reuters) - US stocks began on Tuesday, fueled by gains in the energy, technology and consumer sectors after a sharp sell-off a day earlier amid rising world trade strains.


Energy reserves .SPNY added the biggest gain in the 11 main sectors of the S & P 500, rising 1.4 percent, as Washington pushed the Allies to stop importing Iranian oil, which raised oil prices by more than 2 percent. [OR]


Technological reserves. SPLRCT advanced after Monday on the controversial statements by Trump administration officials about restrictions on foreign investment in technology companies in the United States. Apple Inc (AAPL.O), which grew by 1.2 percent, recorded a three-day losing streak.


Three of the four shares of FANG, the momentum leaders in the S & P 500, also changed the course from Monday. Shares of Facebook Inc (FB.O) rose 1.4 percent, Amazon.com Inc. (AMZN.O) added 1.7 percent, and Netflix Inc (NFLX.O) shares rose 3.9 percent. Only shares of the parent Google alphabet (GOOGL.O) finished the session lower, down by 0.6 percent.


Shares of domestic builder Lennar Corp (LEN.N) jumped 4.9 percent, as strong demand for housing helped the company more accurately than expected quarterly results.


The strength in consumer discretionary actions, including Amazon, Netflix and Lennar, and the energy sector, points to solid foundations that helped ease investor anxiety in the trade, J.J. Keenahan, chief market strategist at TD Ameritrade in Chicago.


"They sort of take the tariffs from the first page," he said.


Bloomberg's report that Canada is preparing steel quotas and tariffs on China may also have eased investors' concerns by providing support for the negotiating tactics of US President Donald Trump, Kinahan said.


The Dow Jones Industrial Average .DJI rose 30.31 points, or 0.12 percent, to 24,283.11, the S & P 500.SPX - by 5.99 points, or 0.22 percent, to 2,723.06, while the Nasdaq Composite .IXIC added 29.62 points, or 0.39 percent, to 7,561.63.


On the first trading day after they were removed from Dow Industrials, General Electric Co. (GE.N) shares rose 7.8 percent, the largest percentage increase on the S & P 500 and the largest increase in one day for more than three years. The company said it would distract its business in the healthcare sector and deprive it of its stake in Baker Hughes (BHGE.N), an oilfield services company.


S & P 500. SPSY registered its twelfth consecutive decline session, the longest losing streak in history.
Shares of Harley-Davidson Inc (HOG.N) fell 0.6 percent after President Donald Trump threatened the company with higher taxes. The threat of Trump arose in response to a company announcement on Monday that it would transfer production from the United States to international facilities for some of its motorcycles shipped to the European Union.


The forecasted problems exceeded the reduction on the NYSE with a coefficient of 1.52 to 1; on Nasdaq, the coefficient of 1.43 to 1 preferred to advanced players.


The S & P 500 published five new 52-week highs and nine new lows; Nasdaq Composite recorded 72 new highs and 49 new lows.


The volume of exchanges in the US amounted to 6.77 billion shares compared to 7.28 billion in the average for the entire session in the last 20 trading days.




Похожие новости

latest comments

US stocks began on Tuesday, fueled by gains in the energy, technology and consumer sectors after a sharp sell-off a day earlier amid rising world trade strains. Download the perfect google street view pictures.
  • Нравится
  • 0
Dear visitor, you came to the site as an unregistered user.
We recommend you Signup Or go to the site under your name.

Add a comment

Name:*
E-Mail:
Enter a code: *
reload, if the code cannot be seen