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.
via Reuters
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Alfonso Esparza
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