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 Stocks head cautiously higher Tuesday following a temporary reprieve on restrictions on U.S. exports to China telecom giant Huawei Technologies, reflecting a slight reduction in one front of the Sino-American tariff war.
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 Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies, raising expectations that the two countries would work toward a trade deal.
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 Tesla Inc.'s stock slumped 1.6% in morning trade, but remained on track to suffer its worst three-month stretch since the electric car maker went public in June 2010. The stock has lost 15.4% so far in May, after shedding 14.7% in April and 12.5% in March, for a total loss during that period of 36.9%. The previous biggest loss over a 3-month period was 32.4% in the three months ended February 2011. Among Wall Street's concerns are demand for the lower-priced Model 3, questions over management credibility and recent communications about "hardcore" cost cutting. Tesla's stock has now shed 39.3% year to date, while the S&P 500 has gained 14.0%.
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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 Global equity markets rose on
Tuesday, led by chipmakers and companies exposed to Asia, after
the United States temporarily eased trade restrictions imposed
on China's Huawei Technologies, while the dollar rose
on a flight to quality.
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Names on the move ahead of the open.
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* Norsk Hydro surges 5.6% after court lifts embargo on
Alunorte
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Shares of Qorvo Inc. bounced 8.7% in morning trade Tuesday, following a 16.5% plunge over the past three sessions, although the chip maker cut its profit and sales outlook in the wake of U.S. actions against China-based Huawei Technologies Co. Ltd. Qorvo lowered its earnings-per-share guidance to $1.15 at the midpoint of its range from $1.30 at the midpoint, compared with the FactSet consensus of $1.29. the revenue outlook was lowered to a range of $730 million to $750 million from $780 million to $800 million, compared with the FactSet consensus of $785 million. For the second quarter, Qorvo said it now assumes no sales to Huawei, and projects revenue to be "roughly flat" with the first quarter, while the current FactSet consensus of $826 million implies growth of 10% to 13% above the new first-quarter guidance. Qorvo's stock has rallied 9.7% year to date, while the PHLX Semiconductor Index has climbed 19.4% and the S&P 500 has gained 14.0%.
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 founder of Chinese tech giant Huawei reportedly expects his daughter, Huawei's CFO, to go to jail, but he's 'not worried about her future' Business InsiderWhat did Huawei do to land in such hot water with the US? CNNChipmaker stocks plunge on report that companies are dropping business with big customer Huawei CNBCTrump's Huawei ban is hurting tech stocks — here's what money flows are showing MarketWatchIs Huawei a Trump Bargaining Chip? Better Hope So BloombergView full coverage on Google News
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Treasury prices fall slightly Tuesday, pushing yields up, as a short respite from market jitters weighs on demand for government paper, even as investors keep an eye on trade uncertainty
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 U.S. stocks open higher; tech rebounds after curb on Huawei sanctions
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We're Seeing Some Concerning Signs From Retail as Home Depot, Kohl's Report TheStreet.comKohl's, JC Penney earnings disappoint, sparking sell-off of department store stocks CNBCJCPenney, Kohl's disappoint and stocks crater Fox BusinessDepartment-Store Woes Worsen; Kohl's, J.C. Penney Sales Miss BloombergKohl's Earnings, Guidance Weak, Kohl's Stock Dives; JC Penney Loss Swells Investor's Business DailyView full coverage on Google News
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Technology stocks are a casualty of the trade war, but analysts say some companies might emerge stronger, depending on terms of the deal.
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