US Stocks Rise As Tension Anxiety Decreases

March 27, 2018 Share Print 0

U.S. stocks ticked higher on Tuesday, building on strong gains from the previous session amid easing fears of a trade war between the United States and China.

Technology stocks were the biggest gainers, with a more than 1 percent rise in shares of Apple (AAPL.O), Amazon (AMZN.O), Microsoft (MSFT.O) and Intel (INTC.O) providing the boost.

The main indexes ended up more than 2 percent on Monday following reports that the United States and China were willing to renegotiate tariffs and trade imbalances.

Global markets were rattled last week after President Donald Trump moved to impose tariffs on Chinese imports of up to $60 billion, adding to the import restrictions already placed on solar panels, steel and aluminum.

Top Trump administration officials are now asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors to avoid tariffs and a potential trade war.

via Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.