Text size Kevin Frayer / Getty Images The European chip sector was under pressure on Tuesday when the cold wind of fracturing relations between US and China blew its way. The sector has benefited from the fruits of a global tech rally driven by the need for gadgets and computers …
Read More »Shares fall flat after data on retail sales and consumer confidence
Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed Friday almost unchanged, as investors mixed data weighing on consumer confidence and retail sales against an upcoming trade meeting between Chinese and U.S. officials. While headline U.S. retail sales figures missed forecasts, with a monthly …
Read More »Shares run despite inflation news, Stimulus fear
Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
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