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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.

Reuters Company NewsJun 26, 2019
US STOCKS SNAPSHOT-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.

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 MarketWatch.com for more information on this news.



Forbes HeadlinesJun 26, 2019
2020 Vision: What Next Year's Technology Will Look Like
We can't see the future with 20/20 vision, but if we keep our eyes open, we'll do well in the year ahead.

MarketWatch MarketPulseJun 26, 2019
Investors should 'tread somewhat lightly' on Nvidia shares, says Bernstein
Bernstein analyst Stacy Rasgon wrote Wednesday that while investors may see Nvidia Corp. shares as attractively valued given that they are off about 50% from their 52-week high, he is "growing nervous" on the stock. "Given recent events, Nvidia's stock for now likely depends on hope for cyclical datacenter recovery," he wrote. "This is fine as it is, but appears well incorporated into numbers already (with consensus modeling a substantial datacenter snapback as early as FQ3 to levels well above the prior peak, which itself now appears clearly inflated) into an environment that may still not be hugely supportive." Rasgon maintained a market-perform rating on the stock, writing that he recommends investors "tread somewhat lightly." The stock is still up 2.8% in premarket trading after Micron Technology Inc.'s earnings report helped lift chip shares more broadly. Nvidia shares have fallen 37% over the past 12 months, as the S&P 500 has gained 7.2%.

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.



CNBC BusinessJun 26, 2019
Trump says big tech companies like Twitter are 'all Democrats' and purposely repressing his reach
Trump lambasted Twitter, Google and other technology giants on Wednesday for what he sees as their efforts to repress his messaging.

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 MarketWatch.com for more information on this news.



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Micron resumes some chip shipments to Huawei, boosting stock (Reuters Business)

Google Business NewsJun 26, 2019
Buy Low-Tops, Sell High-Tops: A Sneaker Exchange Is Worth $1 Billion - The New York Times
Buy Low-Tops, Sell High-Tops: A Sneaker Exchange Is Worth $1 Billion  The New York Times$110 million investment pushes StockX value over $1 billion; e-commerce veteran named new CEO  Crain's Detroit BusinessLifestyle goods resale marketplace StockX raises $110M, pushing valuation past $1B  TechCrunchView full coverage on Google News
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