Wall Street steadies amid U.S.-China trade jitters

Credit: Reuters Studio
Published on May 30, 2019 - Duration: 01:00s

Wall Street steadies amid U.S.-China trade jitters

U.S. stocks showed signs of stabilizing Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing.

Fred Katayama reports.

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Wall Street steadies amid U.S.-China trade jitters

Stocks on Wall Street headed higher for the first time this week Thursday.

Industrials and healthcare stocks helped lift the S&P 500 a fifth of a percent.

Conflicting comments on trade talks from President Donald Trump and Beijing capped the gains.

IHT Wealth Manhattan president, Steve Dudash says buy the dips on trade-related declines: SOUNDBITE: IHT WEALTH MANHATTAN PRESIDENT, STEVE DUDASH (ENGLISH) SAYING: "Every time you see the trade war dictating the market reaction, that's an overreaction, use that as a buy signal into stocks or areas, sectors, whatever you want." Dollar General shares jumped.

The discount retailer's quarterly same-store sales and profit rose and beat analysts' estimates.

Viacom climbed.

CNBC reports CBS' board is preparing for merger talks with the media company it had split off from.

Oil prices fell, pushing down energy shares for the sixth time in seven days.

After the bell, Uber shares rose.

In its first report as a public company, the ride-hailing service said it lost $1 billion but revenues rose 20 percent.

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