As CCN reported, Dow futures traded as far as 100 points in the red before the opening bell, with many analysts blaming US President Donald Trump’s bombshell revelation that he does not foresee eliminating tariffs on Chinese imports, even as part of a comprehensive trade deal.
Apple Stock Climbs 4 Percent
However, tech stocks led a rapid stock market recovery, with Apple rising a full 4.03 percent to buttress the Dow, even as fellow components Boeing and JPMorgan dropped 0.86 percent and 1.69 percent, respectively. Other top performers included DowDuPont, which was up 2.16 percent, and Intel, which rose 1.95 percent.
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About The Author
Josiah is the US editor at CCN. In a past life, he taught Herodotus and Boethius to high school students. He holds long-term investment positions in bitcoin and other large-cap cryptocurrencies. Follow him on Twitter or email him directly at josiah.wilmoth(at)ccn.com.