The benchmark S&P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new tariffs took effect in the U.S.-China trade war.
In their latest back-and-forth, the United States and China imposed fresh tariffs on $16 billion worth of each other’s goods, despite ongoing trade talks between the countries.
The trade-sensitive S&P industrials sector .SPLRCI dipped 0.16 percent, weighing on the Dow Jones Industrial Average. The technology index .SPLRCI rose 0.64 percent, bolstering the S&P 500 and the Nasdaq Composite.
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.