Wall Street Rallies With Huawei Reprieve

Credit: Wochit Business
Published on May 21, 2019 - Duration: 00:40s

Wall Street Rallies With Huawei Reprieve

According to Reuters, U.S. stock indexes rose in a broad-based rally on Tuesday, as Washington’s decision to temporarily ease curbs on China’s Huawei Technologies allayed concerns over a further escalation in trade war between the two countries.

Chipmakers, which bore the brunt of Monday’s sell-off, rose after the United States granted the Chinese telecoms equipment maker a license to buy U.S. goods until Aug.

19.

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Wall Street Rallies With Huawei Reprieve

MAY 13, 2019 FILE PHOTO

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