Tech companies lead US stocks higher as trade fears ease

Tech companies lead US stocks higher as trade fears ease

6 years ago
Anonymous $cyhBy-qkd5

https://apnews.com/2373ad38ef464eafa4af5e9df4f9a8d3

NEW YORK (AP) — U.S. stocks are mostly higher Wednesday morning as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies and banks are making some of the largest gains. Twenty-First Century Fox is jumping after it agreed to a new deal with Disney, which will buy Fox's entertainment businesses for $71.3 billion. Walgreens rose after it was added to the Dow Jones industrial average, where it will replace General Electric next week.

KEEPING SCORE: The S&P 500 index rose 5 points, or 0.2 percent, to 2,767 as of 10:15 a.m. Eastern time. The Dow slipped 10 points to 24,690. The Nasdaq composite gained 45 points, or 0.7 percent, to 7,771, which put it on track for a record high. The Russell 2000 index of smaller-company stocks added 5 points, or 0.3 percent, to 1,699 after it closed at another record high Tuesday.

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