MARKETS: Technology stocks led indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers.
Technology stocks were leading indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers.Stocks are coming off their third weekly loss in a row as investors try to parse conflicting signals on the U.S. economy and determine whether a recession is on the horizon.
Investors were relieved that to see long-term bond yields rising. The yield on 10-year Treasury rose to 1.61% from 1.54% late Friday.The Dow Jones Industrial Average rose 290, or 1.1%, to 26,172. The Nasdaq rose 119 points, or 1.5%, to 8,014.
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