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Reuters BusinessJun 26, 2019
Wall St. opens higher on tech boost, trade hopes
U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology's upbeat results lifted technology shares and Treasury Secretary Steven Mnuchin's comments fueled optimism that the United States and China would strike a trade deal.

Wall Street rises as hopes remain for US/China trade deal ( - Financial Markets)

MarketWatchJun 26, 2019
Trump Today: Trump Today: President says this is his ‘Plan B' if China-U.S. trade talks collapse
President Donald Trump says the alternative to a trade pact with China is simple: collect tariffs and do less business with the second-largest economy.

Trump says a US-China trade deal is possible, but he's 'happy where we are now' (CNBC Economy)

MarketWatchJun 26, 2019
Metals Stocks: Gold pulls back from nearly 6-year high after less dovish comments from the Fed
Gold futures on Wednesday retreat from the nearly six-year high scored a day earlier, pressured by a less-dovish-than-hoped Federal Reserve and expected progress on U.S.-China trade talks

US STOCKS SNAPSHOT-Wall St opens higher on tech boost, trade hopes (Reuters Company News)

MarketWatch MarketPulseJun 26, 2019
Dow pops 100 points higher at open as chip-maker stocks score a bounce on Micron results
U.S. stock indexes opened solidly higher Wednesday morning as equity markets attempted to rebound from the previous day's losses, as investors drew optimism from chip-maker results. Investors also were hopeful of a cease-fire between the U.S. and China on trade. The Dow Jones Industrial Average rose around 100 points, or 0.4%, at 26,650, the S&P 500 index advanced 0.5% at 2,930, while the technology-heavy Nasdaq Composite Index rose 1% at 7,960, as chip-maker stocks rose on the back of earnings from Micron Technologies late Tuesday that were not as bad as feared. Shares of Micron were up 13% in early Wednesday action, while the broader chip-maker sector was also gaining, as reflected in the PHLX Semiconductor Index and the exchange-traded iShares PHLX Semiconductor ETF up 2.8%. President Trump and Chinese President Xi Jinping are expected to meet at the G-20 in Japan later this week, in a what is seen by analysts as an important moment in the trade dispute between the two nations. Markets got a bounce early as CNBC reported that Treasury Secretary Steven Mnuchin said that a Sino-American trade deal was 90% of complete, but said that a deal isn't certain. On Tuesday, the Dow fell almost 0.7%, or 179 points, while the S&P 500 lost 28 points, or 1%, to 2,917. The Nasdaq gave up 121 points, or 1.5%, to 7,885, extending its losing streak into a third day and booking one its worst days in nearly a month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Reuters BusinessJun 26, 2019
Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the size of potential U.S. interest rate cuts.

Reuters BusinessJun 26, 2019
Futures bounce on trade hopes, Micron results
U.S. stock index futures rose on Wednesday after Treasury Secretary Steven Mnuchin said the United States and China were close to reaching a trade deal, with strong results from chipmaker Micron adding to the upbeat mood.

MarketWatchJun 26, 2019
Economic Report: Durable-goods orders drop 1.3% in May, but business investment picks up in reassuring sign
Orders for U.S. durable goods suffered over a canceled deal for Boeing's troubled 737 Max jet. Yet business investment perked up in a reassuring sign amid a tense trade fight with China and signs of a slower U.S. economy.

MarketWatch MarketPulseJun 26, 2019
Chip stocks in broad rally after Micron beats on earnings, resumes some shipments to Huawei
Semiconductor maker stocks were broadly higher in premarket trading Wednesday, fueled by Micron Technology Inc.'s better-than-expected earnings and upbeat outlook, and after memory chip maker said it resumed some shipments to China's Huawei Technologies Co. The VanEck Vectors Semiconductor ETF rallied 2.4%, as all 22 of the 25 components that have traded ahead of the open gained ground. Micron's stock shot up 8.9% to pace the gainers. Among other more-active stocks, Advanced Micro Devices Inc. rallied 3.4%, Nvidia Corp. rose 2.3%, Intel Corp. advanced 1.6%, STMicroelectronics N.V. hiked up 4.8% and Qualcomm Inc. tacked on 1.3%. Micron's stock had lost 19% over the past three months through Tuesday, while the chip ETF has lost 0.8% and the S&P 500 has gained 3.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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