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US stocks rise modestly amid trade war worries

Jun 26 2018 16:13

Wall Street stocks rose modestly in early trading on Tuesday as worries about burgeoning trade conflicts kept a lid on investor enthusiasm.

About 15 minutes into trading, the Dow Jones Industrial Average stood at 24 278.77, up 0.1%.

The broad-based S&P 500 gained 0.2% to 2 722.49, while the tech-rich Nasdaq Composite Index advanced 0.5% to 7 570.89.

US stocks fell sharply on Monday on worries President Donald Trump would soon enact new restrictions on Chinese investment in the US, escalating tensions between the two countries.

Stocks recovered some of those losses late in the session following reassuring remarks from Trump trade advisor Peter Navarro. But investors remained skittish early on Tuesday, analysts said.

General Electric surged 6.8% as it announced plans to divest its healthcare business and separate itself from the Baker Hughes oil services company of which it owns a majority stake.

The industrial giant, which was removed from the Dow Jones index in a transition that took effect on Tuesday, said the new design would make it "simpler and stronger."

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equities  |  wall street  |  markets


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