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MarketWatch MarketPulseNov 13, 2018
U.S. stocks attempt slight rebound from tech and internet-related rout
U.S. stock benchmarks Tuesday fought to gain traction higher after an ugly start to the week. The Dow Jones Industrial Average rose 55 points, or 0.2%, at 25,437, the S&P 500 index rose 0.6% at 2,742, while the Nasdaq Composite Index climbed 1% at 7,275. All three benchmarks fell sharply on Monday, with the Dow plunging more than 600 points, on the back of sharp declines in shares of Apple Inc. and Goldman Sachs Group Inc. . Market players attributed Tuesday's tepid optimism to apparent progress in trade talks. The Wall Street Journal reported that Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He on Friday about a deal to ease trade tensions, ahead of a meeting between President Donald Trump and President Xi Jinping, set for the end of November at the G-20 summit in Buenos Aires. Meanwhile, shares of Home Depot Inc. were in focus after the home-improvement company and Dow component reported better-than-expected quarterly results. However, shares were down 1.4% as a call to discuss results with analysts was under way.

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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