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Illustration by Michael George Haddad
Dow Jones Industrial Average
was up 0.5% shortly after midday, while the
0.8% and the
was up 1.2%. The Dow and the S&P had both hit record intraday highs on Monday morning.
stock (ticker: APPL) was up 2.1% to $202.11 as a host of tech stocks gained after the U.S. signaled it would ease restrictions on U.S. companies doing business with Chinese tech giant Huawei as part of the trade war truce.
stock (WYNN) was up 6.9% to $132.55 after Macau’s gaming authority reported that June gambling revenues were up 5.9%, more than expected.
Semiconductor stocks were in the green on the trade news.
stock (ticker: SWKS) was up 6.2% to 82.05,
stock (QRVO) was up 5.5% to 70.43, and
stock (MU) was up 5% to $40.40.
stock (COTY) was down 14.4% to $11.47 after the cosmetics company unveiled a turnaround plan and said it would take a $3 billion writedown.
Write to Ben Walsh at firstname.lastname@example.org