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 Analysts wonder if China will ban sales or production of Apple devices in retaliation for U.S. stance on local giant Huawei. Earnings could fall 29%.
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 U.S. stocks dipped on Wednesday, as reports that Washington could impose restrictions on another Chinese technology company fanned trade tensions, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting.
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Global technology companies, including chip suppliers, are cutting off their ties with China's Huawei Technologies Co after the Trump administration put the world's largest telecom equipment maker on a trade blacklist, citing national security concerns.
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 U.S. stock benchmarks opened lower Wednesday morning as markets awaited the release of Federal Reserve minutes that could shed light on the central bank's outlook for interest rates amid Sino-America trade tensions. The Dow Jones Industrial Average fell 55 points, or 0.2%, at 25,820, the S&P 500 index retreated 0.2% at 2,858, while the Nasdaq Composite Index slipped 0.2% at 7,768. Minutes from the rate-setting Federal Open Market Committee's April 30-May 1 meeting will be released at 2 p.m. Eastern Time, and come amid increasing expectations that the central bank will cut rates before year-end. In corporate news, shares of home-improvement retailer Lowe's Co. were under pressure, down 7.4%, after its earnings disappointed, while shares of Target Corp. soared more than 9% after its quarterly results. Both quarterly updates were released before the start of regular trade. And Qualcomm Inc. shares tumbled, after a federal judge ruled late Tuesday that the chip maker violated antitrust laws.
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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The trade war between the United States and China is well into its second year. Since Jan. 22, 2018, American stocks have made two runs into all-time-high territory, but overall, they haven't made much progress. The Standard & Poor's 500-stock index is just 2% higher than when the trade conflict started.
Now, uncertainty has returned, which means volatility has returned. So today, we'll look at some of the best exchange-traded funds (ETFs) to battle another round of trade jitters.
On-again, off-again talks between the U.S. and China seemed headed toward a resolution for most of 2019 but hit a considerable wall in May. The U.S. accused China of walking back some of its agreements and raised tariffs on $200 billion in Chinese imports from 10% to 25%, prompting Beijing to retaliate with new and escalated tariffs of its own.
Certain sectors have taken on hair-trigger demeanors. For instance, technology, which experts think could be heavily targeted in future rounds of tariffs, swings daily on the latest comings and goings out of Washington and Beijing. Semiconductor companies, many of which generate gobs of their sales from China, are among the most susceptible stocks.
The best ETFs to buy if you want to beat back the trade war, then, avoid these sensitive industries and instead focus on businesses that should come out far less scathed than others. Here, we look at seven top funds from various corners of the market.
SEE ALSO: The 19 Best ETFs for a Prosperous 2019
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Shares of Target Corp. shot up 7.7% in premarket trade Wednesday, after the discount retail giant reported a fiscal first-quarter profit, revenue and same-store sales that rose above expectations. Net earnings for the quarter to May 4 rose to $795 million, or $1.53 a share, from $718 million, or $1.33 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose 15.9% to $1.53, above the FactSet consensus of $1.43. Total revenue grew 5.0% to $17.63 billion, beating the FactSet consensus of $17.46 billion, as same-store sales growth of 4.8% topped expectations of a 4.1% increase. Comparable digital channel sales rose 42%, and contributed 2.1 percentage points to overall same-store sales. The company expects second-quarter adjusted EPS of $1.52 to $1.72, surrounding the FactSet consensus of $1.59, and affirmed its full-year EPS guidance of $5.75 to $6.05. The stock has gained 8.9% year to date through Tuesday, while the SPDR S&P Retail ETF has tacked on 5.1% and the S&P 500 has advanced 14.3%.
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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Qualcomm Inc used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the U.S. trade regulator, ordering it to renegotiate major deals and change how it does business.
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U.S. Treasury Secretary Steven Mnuchin said the Trump administration is open to holding new talks with China if the two sides can proceed on the basis of previous negotiations.
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 Canada's main stock index fell on
Wednesday, with energy and mining stocks leading declines, as
investors fled riskier assets on worries over a prolonged
U.S.-China trade war.
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The U.S. Securities and
Exchange Commission said it will begin the first phase of a plan
aimed at evaluating how stock exchange fees and incentives
affect how brokers trade, even as several exchanges sue the
regulator in an attempt to kill the experiment.
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* Indexes off: Dow 0.25%, S&P 0.22%, Nasdaq 0.31%
(Updates prices, adds comments)
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A federal judge sided with the Federal Trade Commission, which sued Qualcomm for charging phone makers excessing licensing fees.
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 China's ambassador to the U.S. said Tuesday that Beijing was still open to resuming trade negotiations, and blamed the U.S. for changing its mind too much.
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