US STOCKS-Technology shares prop up Wall Street [Reuters]
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Source: Reuters
Technology shares prop up Wall Street - Reuters 4 Min Read (Reuters) - U.S. stocks edged higher on Tuesday, propped up by the technology sector, but the likelihood of a protracted trade war between the United States and China kept gains in check. Trump on Monday said he was “not yet ready” to make a deal with China but he expected one in the future. The back-and-forth between the two sides has sparked worries that the trade war would lead to a global economic slowdown. “What you’re seeing is kind of an over-sold bounce, we’ll see over the course of the day if that holds,” said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee “Last week wasn’t great, and we start this week with nothing fresh to trade off of and there is only so much pricing of tariff fears you can put in markets before you exhaust that as a downside catalyst.” The benchmark S&P 500 index as of Friday’s close was about 4% off its record high hit on May 1, while the blue-chip Dow Jones Industrial inde
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