Morning Report 9 Aug 19: Stocks recover as global growth concerns ease

 

US sharemarkets posted solid gains in response to firmer Chinese trade data and an easing of jitters over the US-China trade war. Technology stocks led the gains. Shares in Advanced Micro Devices gained 16.2% after Reuters reported that "the chipmaker launched its second generation of processor chip and said that it had landed Alphabet Inc's Google and Twitter as customers." Shares in Symantec rose 12.3% on takeover reports. The Dow Jones finished higher by 371 points or 1.4%. The S&P500 was up 1.9%, while the Nasdaq lifted by over 176 points or 2.2%.

 

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