img-news

US markets rebound from last week's selloff

  • Regular
  • US Market
  • 2 months ago
  • 50

U.S. markets continued to rally during yesterday’s session as Commerce Department gave Chinese tech giant Huawei a further 90-day reprieve period in which it can continue to do business with the U.S. firms.

Not to mention Trump whose Friday’s meeting with Tim Cook may have eased his stance on the trade war with China.

The DJIA continued to rise as it closed up by 1% while the S&P 500 also rose by 1.2% and the Nasdaq ended the session with a gain of 1.4%.

Benchmark 10-year Treasury yields rose to 1.6% from 1.54% and bank shares rose with Bank of America and JPMorgan gaining 0.9% while Citigroup roe by 1.3%.

 

 

Source: Smart Trend Team