Economics
Tech Leads Stock Rebound as Oil Gains With Dollar: Markets Wrap
- U.S. exporters extend drop after equity slumps in Europe, Asia
- Apple Inc.’s market value reached $1 trillion, world’s highest
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Tech companies led gains in U.S. stocks on favorable earnings reports as Apple Inc.’s market value reached $1 trillion. The dollar climbed with oil.
The Nasdaq Composite Index rose for a third day as Tesla Inc. and payments processor Square Inc. jumped after reporting second-quarter results. Exporters such as Boeing Co., 3M Co. and DowDuPont Inc. weighed on the Dow Jones Industrial Average after Donald Trump asked his trade representative to consider hiking tariffs on $200 billion of Chinese goods. European equities tracked declines in China spurred by renewed trade concerns.