Gold dips as trade war fears ease
"We saw a really good rally because of potential talks with China", said Dennis Dick, Head of Markets Structure, Proprietary Trader at Bright Trading LLC in Las Vegas.
"What it really amounts to is a complete lack of knowing what to expect", said Peter Kenny, senior market strategist at Global Markets Advisory Group, in NY.
Technology shares were strong, with Apple advancing 4.8%, Intel 6.3%, Netflix and Adobe Systems both 6.5%.
White House trade adviser Peter Navarro confirmed that Mr. Trump has asked Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer to try to resolve trade differences with China.
On Wall Street, the S&P 500 finished Monday's session up 2.7%, the Dow Jones gained 2.8%, and the tech-heavy Nasdaq Composite ended up 3.3%.
Since hitting a record on January 26, equities have been battered by worries about rising inflation, the pace of interest rate hikes by the U.S. Federal Reserve and the possibility of a global trade war.
U.S. stocks tumbled on both on Thursday and on Friday last week after President Donald Trump unveiled tariffs on up to $60bn of Chinese imports and vowed to counter China's alleged "theft" of American intellectual property.
In Immigrant Sanctuary Lawsuit, 18 States Side With Trump Against California
The City Council in Los Alamitos voted last week on an ordinance to exempt the city in northern Orange County from the state law. Nelson said he'll broach in closed session whether to join a federal lawsuit against the state or launch its own litigation.
'Dil Mill Gaye' actor Karan Paranjape passes away
Paranjape's co-star from "Dil Mill Gayye", Sehban Azim said the actor was believed to have died in his sleep. Apparently, his mother found him dead, however the cause of death is still not officially announced.
Lirik Betrays Teammate in Hilarious Fashion While Playing Far Cry 5
Deciding to poke fun at themselves, one of the first things Ubisoft has you do in the game is, yup, climb a tower. If you're looking for a physical copy of Far Cry 5 , don't expect to play quite so early.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018.
Meanwhile the fallout from the Facebook/Cambridge Analytica scandal continues.
The social media company's stock was down by as much as five per cent today but managed to close up 67 cents.
Nvidia (NVDA.O) was another weak spot, falling 7.8 percent after the chipmaker temporarily suspended self-driving tests across the globe.
The sell-off in US markets came a day after one of the best showings in more than two years to recover some of the heavy losses from last week.
Twitter (TWTR.N) fell 12 percent after short-seller Citron Research called the stock "most vulnerable" to privacy regulations. Also, strength in new Durable Goods orders on Friday - yet another strong economic metric tracking the USA economy - which went overlooked in worrisome trading late last week may be getting a second look this morning.
Microsoft pulled the indexes higher, gaining 7.6 per cent. Morgan Stanley upped its price target on the tech company's stock, saying its market value could hit $1 trillion on improved margins and growth in cloud computing.
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28 March 2018What New Products Were Announced in the Apple Education Event & Keynote Today?
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28 March 2018Maryland High School Shooter Shot Himself in the Head, Authorities Say
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28 March 2018NASA's flagship space telescope suffers yet another launch delay
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28 March 2018Brookfield's GGP offer shows writing on the mall
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27 March 2018Mozilla, Tesla, Other Businesses Take a Facebook Pause
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