The major US stock indices are continuing to retraced some of the large losses from earlier in the day. USTR's Greers comments on US China relations helped to ease some of the fears. Greer said that
- US and China had stopped level talks on Monday,
- He thinks that they will be able to work through issues with China over rare earth supply chains and
- That he is hard for child to have an offramp at this point
The Dow industrial average is now higher by 163 points or 0.35%. The gains are led by Caterpillar, Walmart, and American Express – each with gains of over 3%. Below are the top gainers in the Dow industrial average:
Caterpillar +3.87% at $524.30
Walmart +3.44% at $105.63
American Express +3.01% at $332.86
Cisco +1.97% at $68.79
Home Depot +1.47% at $384.93
Honeywell +1.41% at $205.77
3M +1.34% at $153.12
McDonald’s +1.34% at $304.14
Verizon +1.32% at $40.28
Travelers +1.17% at $273.55
The S&P index is down -11 points or -0.17% after trading as low as -99.65 points.
The NASDAQ index is down -164 points or -0.73% at 22529.95. At session lows a traded down -480.88 points. Despite the rebound, there are a number of large stocks which are still down over 2% including:
Intel −5.37% at $35.22
Stellantis NV −3.79% at $9.79
CrowdStrike Holdings −3.55% at $490.53
NVIDIA −3.31% at $182.09
Western Digital −3.13% at $115.14
Broadcom −2.97% at $346.11
Palo Alto Networks −2.81% at $207.28
MicroStrategy −2.78% at $306.69
Snowflake −2.63% at $240.77
Oracle −2.43% at $300.53
Nebius NV −2.37% at $132.25
Tesla −2.13% at $426.61
Goldman Sachs −2.05% at $770.62
Chair Powell will be speaking shortly. The blackout period for the Fed ahead of the next interest rate decision starts on Friday after the close.
