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MarketWatch MarketPulseJun 26, 2019
Nasdaq snaps 3-day skid as Micron's stock jumps but trade-hope rally falters in late trade
The Nasdaq Composite Index registered a modest gain on Wednesday, buoyed by a Micron Technologies-led rebound in chip makers, but the broader market finished slightly lower to flat, as selling in real estate, utilities and consumer staples weighed. The Nasdaq finished up 25 points, or 0.3%, at 7,910 (on a preliminary basis), halting three straight days of losses as upbeat quarterly results by Micron helped to inspire a rally in the semiconductor sector . However, gains faded in the last two hours of trade as investors wrestled with the coming G-20 gathering in Japan, where President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to discuss a cease-fire in tariff tensions. Markets were higher in early trade after investors interpreted a CNBC interview of Treasury Secretary Steven Mnuchin in Bahrain as signaling hope for a Sino-American trade deal. Mnuchin said that an accord was 90% complete. The Dow Jones Industrial Average closed down 11 points, or less than 0.1%, at 26,536, while the S&P 500 index shed 0.1% to end at 2,914.

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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Reuters Company NewsJun 26, 2019
US STOCKS-Tech boost, trade optimism lead Wall Street higher
Wall Street rose on Wednesday, as technology shares gained on the back of Micron's upbeat results, while comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks.

Google Business NewsJun 26, 2019
What Micron Said - Seeking Alpha
What Micron Said  Seeking AlphaU.S. Companies Find Legal Ways Around Trump's Huawei Blacklist  Yahoo FinanceThese semiconductor stocks are rising the most as Micron CEO is upbeat about Huawei and China  MarketWatchHuawei Blacklist Loopholes Were Made in the U.S.A.  BloombergMicron Trades Higher After Big Q3 Earnings Beat  BenzingaView full coverage on Google News

Reuters BusinessJun 26, 2019
Wall St. rises on tech gains, trade hopes
U.S. stocks rose on Wednesday as gains in chipmaker Micron boosted the technology sector and comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks.
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