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Stocks edge higher and regain some lost ground

NEW YORK — Stocks regained some ground in morning trading Tuesday following a nosedive at the start of the week as the U.S. and China escalate their trade war.Investors have been dealing with creeping uncertainty since last week after President Donald Trump’s decision to raise tariffs on Chinese goods. China responded by raising its own tariffs, and the U.S. is considering expanding tariffs again to cover all Chinese goods.The escalation surprised investors who had expected a deal sooner rather than later. They now have to expect much more volatility as the world’s largest economies head toward a full-blown trade war that could threaten economic growth.A mix of communications and consumer-oriented companies led the market higher. Video game maker Take-Two rose after its fourth quarter profit beat Wall Street forecasts. Disney gained ground after announcing a deal with Comcast to take full control of the video streaming service Hulu. Amazon, Mattel and other companies that cater to consumers ticked higher.Technology stocks, which stand to suffer heavily from the ongoing trade war, bounced back after taking a beating the day before. Qualcomm and Cisco both moved higher.Utilities, a safe-play sector that investors favour when they’re feeling fearful, were the only sector to fall. A day earlier, they were the only winners in the market.KEEPING SCORE: The S&P 500 index rose 0.6% as of 10 a.m. Eastern Time. The Dow Jones Industrial Average rose 151 points, or 0.6%, to 25,476. The Nasdaq composite rose 0.7%.MOUSE HOUSE EXPANSION: Disney rose 1.1%. The deal the entertainment giant struck with Comcast can give Disney full ownership of Hulu as of 2024. Disney and other media companies have been making huge efforts to get into video streaming in order to meet the challenge posed by Netflix. Comcast also rose just under 1%.HOLES IN THE FABRIC: Ralph Lauren fell 8% after investors focused on a drop in revenue from the upscale clothing company’s key market in North America. The downturn in regional sales helped weigh down overall revenue, though profit and revenue still beat analyst forecasts for the quarter.Damian J. Troise, The Associated Press read more


How major US stock indexes fared Friday

Stocks finished lower on Wall Street Friday amid new concerns about the progress of trade talks between the U.S. and China.The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip to the U.S. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. Technology stocks, consumer-focused companies and banks led the sell-off. Bond yields fell.On Friday:The S&P 500 fell 14.72 points, or 0.5%, to 2,992.07.The Dow Jones Industrial Average dropped 159.72 points, or 0.6%, to 26,935.07.The Nasdaq lost 65.20 points, or 0.8%, to 8,117.67.The Russell 2000 index of smaller company stocks slid 1.71 points, or 0.1%, to 1,559.76.For the week:The S&P 500 fell 15.32 points, or 0.5%.The Dow lost 284.45 points, or 1.1%.The Nasdaq dropped 59.04 points, or 0.7%.The Russell 2000 slid 18.37 points, or 1.2%.For the year:The S&P 500 is up 485.22 points, or 19.4%.The Dow is up 3,607.61 points, or 15.5%.The Nasdaq is up 1,482.40 points, or 22.3%.The Russell 2000 is up 211.21 points, or 15.7%.The Associated Press read more