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Wall Street closes higher on Trade Deal hopes, Surge in Semis by Investing.com

© Reuters. Investing.com – S & P 500 closed higher on Wednesday as optimism on trading and growing chip stocks contributed to counteracting falling energy stocks. The voice 0.15%, it increased 0.21%, while it increased 0.60%. The trade negotiations between the US and China are on the "playoffs", says Myron Brilliant, vice president of international business at the US Chamber of Commerce. "Ninety percent of the deal is done, but the last 1 0 percent is the hardest part, it's the hardest part, and it will require trade-offs on both sides." The cautiously optimistic comments come as China's Deputy Prime Minister Liu He met with US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin on his way yesterday on Wednesday and resumed talks that took place in Beijing a week ago. Despite optimism about trade between the United States and China, highly-fought trade-sensitive industries ride above Raytheon (NYSE 🙂 fell 4.5%, Northrop Grumman (NYSE 🙂 fell 2.4% and Lockheed Martin ] (NYSE 🙂 fell 1.92%. In addition to trading, the falling energy inventories fell with a lid on profits on the broader market as oil prices fell after an unexpected building in consumables. But an increase in tech stocks increased the sense of risk after an increase in chip stocks, paragraph b Advanced Micro Units (NASDAQ :), up 8.5%. Nomura discussed the prospect of higher profit for AMD on expectations that the weakness of the chip markets will end in the first quarter due to an improved economic background…


© Reuters.

Investing.com – S & P 500 closed higher on Wednesday as optimism on trading and growing chip stocks contributed to counteracting falling energy stocks.

The voice 0.15%, it increased 0.21%, while it increased 0.60%.

The trade negotiations between the US and China are on the “playoffs”, says Myron Brilliant, vice president of international business at the US Chamber of Commerce. “Ninety percent of the deal is done, but the last 1

0 percent is the hardest part, it’s the hardest part, and it will require trade-offs on both sides.”

The cautiously optimistic comments come as China’s Deputy Prime Minister Liu He met with US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin on his way yesterday on Wednesday and resumed talks that took place in Beijing a week ago.

Despite optimism about trade between the United States and China, highly-fought trade-sensitive industries ride above

Raytheon (NYSE 🙂 fell 4.5%, Northrop Grumman (NYSE 🙂 fell 2.4% and Lockheed Martin ] (NYSE 🙂 fell 1.92%.

In addition to trading, the falling energy inventories fell with a lid on profits on the broader market as oil prices fell after an unexpected building in consumables.

But an increase in tech stocks increased the sense of risk after an increase in chip stocks, paragraph b Advanced Micro Units (NASDAQ :), up 8.5%.

Nomura discussed the prospect of higher profit for AMD on expectations that the weakness of the chip markets will end in the first quarter due to an improved economic background in China, which accounts for a large part of global chip spending.

Elsewhere in technology, Apple (NASDAQ 🙂 closed 0.7% higher despite the fact that Nomura poured cold water on the expectation that the company’s service revenue would compensate for slower iPhone sales rather than later. 19659004] App Store growth was cut to 15% in the March quarter from 18% in the December quarter, according to the Sensor Tower, Nomura said. The price reduction in iPhones does little to lift the demand for the company’s flagship smartphones during ongoing softness in the China smartphone market, the bank added.

In consumer discretion, GameStop (NYSE 🙂 played in trouble and fell 4.7% following year-round guidance, did not fall over Wall Street consensus estimates.

Morgan Stanley emphasized reduced logging of older games as a main blender on GameStop’s sales and gross margin.

“There seems to be an increasing gap between new and used trends, and we are concerned that fewer efforts are also damaging other parts of the business,” Morgan Stanley (NYSE 🙂 said. 19659004] Economic data offered little to stimulate a rally in the stocks created by the private sector, and the sub-economists’ forecasts, indicating further signs of a slowdown in the economy.

Top S & P 500 Gainers and Losers Today: [19659004] Advanced Micro Devices (NASDAQ :), Nielsen Holdings (NYSE 🙂 and Nektar Therapeutics (NASDAQ 🙂 were among the best S & P 500 winners for the session.

Altria Group ] (NYSE :), Raytheon (NYSE 🙂 and Cimarex Energy (NYSE 🙂 was among the worst S&P 500 practitioners of the session.

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