Wall Street gains as trade worries subside [Reuters]
ACACIA COMMUNICATIONS (ACIA)
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Source: Reuters
Wall Street gains as trade worries subside | Reuters 4 Min Read (Reuters) - U.S. stocks rose on Monday on signs of easing trade tensions between the United States and China after President Donald Trump softened his stance on Chinese technology company ZTE Corp. Trump on Sunday pledged to help ZTE ( 000063.SZ ) “get back into business, fast” nearly a month after the United States banned American companies from selling to the firm for violating an agreement. Trump’s comments came ahead of trade talks between the two countries this week as they look to resolve the escalating trade dispute. “At the moment, the market is breathing a sigh of relief that some of the fears over tariffs and inflation, in particular, have not been realized,” said Mike Baele, managing director at U.S. Bank Private Client Wealth Management in Portland, Oregon. “We are still not out of the woods, but it hasn’t escalated. The market is seeing it as a positive.” Shares of some of the biggest suppliers to ZTE, incl
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