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Wall Street Finishes Higher Deal in Hope Hope, Surge in Semis Through Investing.com

© Reuters.

Investing.com – S & P 500 is higher on Wednesday as trade optimism and surging stock chips have helped recover energy stocks from falling.

The rose was 0.15%, added 0.21%, while gained 0.60%.

US-China trade talks are on "endgame stage," says Myron Brilliant, executive vice president for international affairs at the US Chamber of Commerce. "Ninety percent of the deal is over, but the last 10% is the hardest part, it's the toughest part, and it's going to be trade-offs on both sides."

Careful positive speech came as China's Vice Premier Liu He met with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Wednesday, re-organizing talks that took place in Beijing last week.

Despite US-China trade riding high hopes, the flatline for the day, forced by a revolt in defense companies.

Raytheon (NYSE 🙂 fell 4.5%, Northrop Grumman (NYSE 🙂 fell 2.4%, and Lockheed Martin the collapse of energy stocks keep the cap on gains in the wider market as oil prices fell after unexpected construction of supplies.

at the risk of following a surge in chip stocks, which led to Advanced Micro Devices (NASDAQ :), up 8.5%.

Nomura noted the expectation of higher revenues for AMD in anticipation of weakness in chip markets lower than in the first quarter thanks to an improvement of the backdrop of the economy in China, whose accounts in a large proportion of global spending on chips.

Elsewhere in tech, Apple (NASDAQ 🙂 is closed by 0.7% higher despite Nomura pouring cold water on expectations that earnings of company services will decelerate more slowly iPhone sales sooner rather than later. [1

9659004] App Store growth grew at 15% in the quarter of March from 18% in the quarter of December, according to the Sensor Tower, Nomura said. The price cuts on iPhones make little to lift the demand for the company's flagship smartphones amid the continued softness in the China smartphone market, the bank added.

In consumer discretionary, GameStop (NYSE 🙂 after its guidance throughout the years we lost estimates of Wall Street agreed.

Following the guidance guidance, Morgan Stanley showed the rejection of trade-in of older games as a headwind in the used game sales Gamestop and gross margin.

"In fact, it seems like a widespread gap between new and used trends, and we are concerned that fewer workers are also hurt in other parts of the business," Morgan Stanley (NYSE 🙂 said. [19659004] Economic data is not enough to deliver rally to stocks as the private sector has done rather than expected, and forecasts of economists, pointing to additional signs of slowing the economy.

Top S & P 500 Gainers and Losers Today: [19659004] Advanced Micro Devices (NASDAQ :), Nielsen Holdings (NYSE 🙂 and Nectar Therapeutics (NASDAQ 🙂 of the leading S & P 500 companies for the session.

Altria Group [19659010(NYSE:)Raytheon(NYSE:)at Cimarex Energy (NYSE 🙂 is among the worst S & P 500 performers of the session.

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