U.S Stocks Mount Late-Day Reversal, Erasing Dow 500 Point Decline
Tuesday, 11 December 2018 04:14 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

U.S. stocks staged a late-day comeback Monday to push equity benchmarks into positive territory, as semiconductor shares drove the tech-heavy Nasdaq higher.

The S&P 500 rose by 0.2% to end around 2,637, based on preliminary numbers. The Dow Jones Industrial Average advanced 33 points, or 0.1%, to around 24,422. The Nasdaq Composite rose 0.7% to around 7,021.

But equities have struggled to notch a streak of positive sessions as softening global growth and simmering U.S.-China trade tensions have weighed on investor sentiment, even as economic data remains robust.

In company news, Qualcomm shares rose after a Chinese court ordered Apple Inc. to stop selling older iPhone models in China for infringing two patents held by the chip manufacturer. Still, Apple shares ended slightly higher.

Source : Market Watch

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