US stocks move higher as China eases trade tensions

………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. DEVELOPING… Story will be updated as new information can be verified. Updated 4 times AlertMe Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the gains for the benchmark S&P 500 index, which has been essentially flat for much of the week. Investors also continued to favor smaller-company stocks. Traders snapped up technology stocks, which had fallen earlier in the week. The sector is particularly sensitive to the fallout from the trade war between Washington and Beijing because many big tech companies, such as Apple, manufacture products in China. ADVERTISEMENTSkip ………………………………………………………. Shares in the iPhone maker, which unveiled a variety of new products and services on Tuesday, were up 1.4%. Chipmakers Nvidia and Intel each gained 1.3%. Health care and communications stocks also made strong gains. Medtronic climbed 1.6% and AT&T added 2.2%. The financial sector wobbled between small gains and losses after pulling out of an early slide. Wells Fargo gained 1.2%. Energy stocks… Read full this story

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