CLICK TO SHARE
(Reuters) - U.S. stocks were set to open modestly higher on Friday after a sell-off, on cautious optimism after President Donald Trump predicted a swift end to the tariff war with China and a resolution to complaints against Huawei Technologies Co Ltd.
Trump said on Thursday that Huawei could be included in the U.S.-China trade deal. However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.
Earlier this week, while Washington temporarily relaxed its ban on Huawei, there were reports that it was planning a similar ban on another Chinese firm, making investors worry that such moves would have a lasting effect on the global technology supply chain.
“I don’t see enormous amounts of positive news out there although there is optimism about the trade discussions,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Boeing shares rose 1.1% after Reuters reported the Federal Aviation Administration expects to approve Boeing’s 737 MAX jet to return to service as soon as late June.
Post a comment.
Anonymous comments are welcome, just check the "Comment Anonymously" box before submitting your comment. Note: Comments are free and open until someone ruins it. Don't dox, promote violence, etc. Be nice and have fun.
CLICK TO SHARE
COMMENTS VIA TWITTER
Reliance ind Pvr Nestle ind M&m fin Kotak mah bank ICICI pru Exide ind Divis lab Bharti Airtel Bata we simply n… https://t.co/8negRLlr5Q
Keep a tab on ICICIGI for sell at below previous day low with stop at previous day open. Use any spike for selling… https://t.co/eMIApLSudI
RT @Pathik_Trader: #OpenDrive #intradaySetup Sharing one high probability trending setup for intraday. Few conditions needs to be met 1.…