US Close 27 June 19: Investors tread warily despite Whitehouse trade optimism

 

US sharemarkets were mixed on Wednesday. Technology shares were higher after remarks by US Treasury Secretary Steven Mnuchin rekindled hopes for a de-escalation of US-China trade tensions. Mr. Mnuchin told CNBC that "We were about 90% of the way there (with a deal) and I think there's a path to complete this". Micron Technology shares rose by 13.3% after the chipmaker said it would "lawfully resume" shipments to Chinese telecom giant Huawei. Apple shares rose by 2.2% after the iPhone maker confirmed that it bought self-driving start-up Drive.ai. The Dow Jones index closed down by 11 points or 0.04%. The S&P500 index fell by almost 4 points or 0.1%. But the Nasdaq rose by 25 points or 0.3%.

 

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