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MarketWatchMay 24, 2019
Market Snapshot: Stocks close higher but Dow logs longest weekly losing streak since 2011
U.S. stocks close higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease up on restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.

Reuters BusinessMay 24, 2019
Wall Street week ahead: Trade protection doesn't have to exclude growth stocks
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

RELATED ARTICLES
Wall St Week Ahead-Trade protection doesn't have to exclude growth stocks (Reuters Company News)

MarketWatch MarketPulseMay 24, 2019
Apple faces 'low likelihood' that its iPhones will be subject to tariffs, says Wedbush
Wedbush analyst Daniel Ives wrote Friday that Apple Inc.'s selloff due to escalating trade tensions with China looks overdone. "We continue to strongly believe that for a company that employs over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem...from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise," he wrote. "Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as [Chief Executive Tim] Cook's ability to navigate these issues in the past with Trump and K Street." He maintained an outperform rating and $235 target price on the stock, which has gained 14% so far this year, as the Dow Jones Industrial Average has increased 9%.

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


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