Tuesday, 14 May 2019 23:28 WIB |
MARKET UPDATE |Saham AS
Stocks rose Tuesday morning, a day after a sharp escalation in U.S.-China trade tensions triggered the worst day for major indexes since early January.
The Dow Jones Industrial Average added 234 points, or 0.9%, to 25,559, while the S&P 500 index rose 26 points, or 0.9%, to 2,839. The Nasdaq Composite Index gained 79 points, or 1%, to 7,727.
The start of the week was marked by a ramp up in trade tensions, after China fired back at U.S. tariffs with retaliatory duties that could reach 25% on $60 billion in annual U.S. exports. That was after the U.S. last week raised tariffs on $200 billion in annual Chinese imports to 25% from 10%, and threatened more following talks that ended Friday between the two countries without a deal.
Investors are worried that an escalating fight between the two could harm the U.S., Chinese and global economies.