Dow Rebound loses steam; Trump denies trade discussion by Investing.com

Investing.com – Shares closed sharply higher on Tuesday, but above the highest intraday after some late sales on a report of additional difficulties in US-China trade negotiations.

The increase of 0.82%, up more than 200 points, but had spent most of the day up more than 300. The increase of 0.80%, while the increase of 1.14%. The gains still erased about one-third of Monday's big losses.

Trade negotiations between the United States and China would have hit an obstacle, reported CNN this afternoon, citing sources close to the discussions. The news seemed to belittle the opinion on the trade, even as President Donald Trump denied the blocking of the negotiations.

Trump has not shown any intention to escalate trade tensions in the wake of Beijing's plans to launch retaliatory tariffs on US products, calling the current trade dispute a "small quarrel".

"We have a dialogue going on, it will continue forever," said Trump, who had already announced his intention to meet with Chinese President Xi Jinping at the G20 summit in Japan at the end of next month to move forward. the commercial dispute.

Despite trade-related uncertainties, industrial and technology stocks, which are trade-sensitive sectors, ended the day higher.

But analysts said the market's rebound was less likely to mean that the optimism on the trade had come back, but rather a resurgence of relief after the bloody Wall Street session the day before.

"(The move yesterday) was probably a little too downward," said Chris Battifarano, head of investment at FineMark National Bank & Trust in Fort. Myers, Fla.

Energy stocks were also up, gaining more than 1%, due to higher oil prices in the domestic market, with traders increasing their potential for supply disruption as a result of new reports of violence in the Middle East. East as a result of two drone attacks on pumping stations in Saudi Arabia.

In terms of profits, Tencent Music Entertainment (NYSE 🙂 collapsed after a late delivery that exceeded the expectations of Investing.com.

Take-Two Interactive (NASDAQ 🙂 posted gains, rising 3.5%, despite poor results and disappointing prospects, as it was losing ground against free games like Fortnite.

In the other news of the company, Walt Disney (NYSE 🙂 (DIS) grew 1.4% after agreeing to acquire Comcast's 33% stake in Hulu and take full control of the streaming service.

Main winners and losers of the S & P 500 today:

CenturyLink (NYSE :), Electronic Arts (NASDAQ 🙂 and General Electric (NYSE 🙂 were among the top winners of the S & P 500 for the session.

Ralph Lauren (NYSE :), Xylem (NYSE 🙂 and Church & Dwight Company (NYSE 🙂 were among the worst in the S & P 500 session.