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MarketWatch MarketPulseMay 23, 2019
Report: Huawei may be part of any China trade deal, Trump says
The U.S. could ease harsh measures taken against Huawei Technologies Co. as part of a wider trade deal with China, President Donald Trump suggested Thursday, Reuters reported. Last week, the Trump administration effectively banned U.S. companies from dealing with the Chinese tech giant over concerns that its telecom equipment poses a national security threat, though some companies were to get a 90-day window before the ban begins. Speaking about a possible trade deal Thursday at the White House, Trump said: "If we made a deal, I could imagine Huawei being possibly included in some form or some part of it," according to Reuters, though he said the company was "very dangerous" from a security standpoint. There had been speculation that the action against Huawei was, at least in part, a bargaining chip to be used in future negotiations. There are no new trade talks scheduled, but Chinese officials have said they're open to resuming negotiations, and Trump on Thursday again predicted a quick end to the yearlong trade war.

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.



MarketWatch MarketPulseMay 23, 2019
DXC Technology stock rises after earnings beat, dividend hike
DXC Technology Co. shares rose nearly 5% in the extended session Thursday after the company beat earnings estimates and raised its dividend. The company reported fiscal fourth-quarter net income of $271 million, or $1.01 a share, compared with $560 million, or $1.93 a share, in the year-ago period. Adjusted for items such as amortization of intangible assets and pension and other benefit actuarial and settlement losses, earnings were $2.19 a share. Revenue fell to $5.28 billion from $5.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $2.09 a share on revenue of $5.31 billion. For the fiscal first quarter, analysts model adjusted earnings of $2.20 a share on sales of $5.14 billion. DXC said that it was also raising its dividend to 21 cents a share. DXC stock has fallen 40% in the past year, with the S&P 500 index rising 4.5%.

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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FT.com - Financial MarketsMay 23, 2019
Emerging market stock funds suffer $3.8bn withdrawals
Trade war concerns over 7 days to May 22 takes losing streak to five consecutive weeks

MarketWatchMay 23, 2019
Market Snapshot: Stocks close lower as investors brace for a protracted U.S.-China trade standoff
U.S. stocks bounce off intraday lows but still finish lower Thursday as big losses in technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

USA Today MoneyMay 23, 2019
Dow stumbles nearly 300 points Thursday over U.S.-China trade fears
Stocks tumbled Thursday as investors' anxiety over the U.S.-China trade spat increased and put the market on track for three straight weeks of losses.        

MarketWatch MarketPulseMay 23, 2019
Autodesk stock falls nearly 7% on surprise Q1 loss, sales miss
Shares of Autodesk Inc. fell more than 6% in the extended session Thursday after the software company reported a surprise first-quarter loss and revenue that fell short of Wall Street views. Autodesk said it lost $24 million, or 11 cents a share, in the quarter, compared with a loss of $82 million, or 38 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 45 cents a share, compared with 6 cents a share a year ago. Revenue rose 31% to $735 million, the company said. Analysts polled by FactSet had expected GAAP profit of 12 cents a share on sales of $741 million. Autodesk shares had ended the regular trading day down 2.6%.

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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