S&P 500 set to open at record high as U.S.-China restart trade talks [Reuters]
Intel Corporation (INTC)
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Source: Reuters
S&P 500 set to open at record high as U.S.-China restart trade talks - Reuters 4 Min Read (Reuters) - The S&P 500 was on track to hit a record high at the open on Monday, fueled by a revival in trade talks between the United Stated and China and a reprieve to Chinese telecoms company Huawei. The S&P 500 e-minis EScv1 and the Dow e-minis 1YMcv1 hit record highs earlier, as risk appetite was boosted by the truce that was agreed to at the G20 summit. U.S. President Donald Trump offered concessions including no new tariffs and an easing of restrictions on Huawei Technologies Co Ltd, while China agreed to make unspecified new purchases of U.S. farm products. Twenty-nine of the 30 Dow components trading before the bell were higher and chipmakers with a sizable revenue exposure to China jumped. Intel Corp ( INTC.O ), Advanced Micro Devices Inc ( AMD.O ) and Micron Technology Inc ( MU.O ) gained between 3% and 5.3%. “Any step toward a trade resolution, and it doesn’t have to be a lot of
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