Breaking News
0

Stocks - Wall Street Rises Even as Trade Worries Continue

Stock MarketsMay 28, 2019 09:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com – Wall Street rose on Tuesday as investors shrugged off President Donald Trump’s comments over the Memorial Day weekend that the U.S. was far from a trade deal with China.

The S&P 500 rose 11 points or 0.4% by 9:44 AM ET (13:44 GMT), while the Dow gained 119 points or 0.5% and tech-heavy Nasdaq composite was up 48 points or 0.6%.

Trump said on Monday that the country was not ready for a deal, but he did expect a deal to be made with Beijing in the future. The U.S. imposition of higher tariffs on imports from China, combined with its sanctions against telecoms giant Huawei, have stoked fears of Chinese countermeasures that could further weaken the world economy.

Hu Xijin of China’s Global Times said that China is “seriously considering” restricting rare earth exports to the U.S., a measure that would hit the manufacture of a raft of high-tech products that depend on them.

Fiat Chrysler (NYSE:FCAU) stock surged 8.2% after it proposed merging with France’s Renault (PA:RENA). The French company is expected to decide on the deal as early as next week.

Global Payments (NYSE:GPN) fell 1.4% after the payment technology company said it was merging with Total System Services (NYSE:TSS) in a $21.5 billion stock deal. Total System jumped 6.4%.

Elsewhere, technology stocks were higher, with Apple (NASDAQ:AAPL) up 0.7% and Facebook (NASDAQ:FB) gaining 1.1%. Tesla (NASDAQ:TSLA) jumped 1.8% and Advanced Micro Devices (NASDAQ:AMD) rose 5.3% after the launch of its latest Ryzen chip.

Uber (NYSE:UBER) fell 0.8% on news that Ryan Graves, senior vice president for global operations, resigned from the board on Sunday.

In commodities, gold futures fell 0.5% to $1,276.95 a troy ounce, while crude oil jumped 0.8% to $59.14. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1% to 97.615.

Stocks - Wall Street Rises Even as Trade Worries Continue
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Vasin Chee
Vasin Chee May 28, 2019 10:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Max pain theory
Tumelo Mash
Tumelo Mash May 28, 2019 10:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why are they buying. Is this a one day thing. Or they were just tired of sitting and waiting for Trump. They just said ****him.
bomz bomzov
bomz bomzov May 28, 2019 10:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
shorts options futures funds
Dittharach Jindarak
Dittharach Jindarak May 28, 2019 10:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
maybe last moved before collapse....
bomz bomzov
bomz bomzov May 28, 2019 10:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Dittharach Jindarak VIX 16.52. china is not collapse. restructuring
Jeff Boulter
JeffBoulter May 28, 2019 10:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's a bull of a day
bomz bomzov
bomz bomzov May 28, 2019 10:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's shorts day
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email