Brands Retreat

Indices landed in the red zone on Wednesday, May 22, 2019. Stocks dipped as trade tensions ramped up. Brands including Apple, Boeing and Qualcomm sold off. On another note, Lowe’s slipped 11.8% to $97.95 on missed first-quarter earnings expectations and reduced full-year guidance. Meanwhile, Target tacked on 7.8% to $77.54 on stronger-than-expected first-quarter earnings and…

Stocks Step Up On Eased Restrictions

Indices closed in green territory on Tuesday, May 21, 2019. Apple, Intel and Caterpillar led the Dow’s ascent. Technology brands including Broadcom, Qualcomm and Intel rebounded today after the Commerce Department eased restrictions on China’s Huawei Technologies. The company has three months to access U.S. technology and buy equipment from American companies to maintain the…

Red Results

Indices closed in the red zone on Monday, May 20, 2019. Technology brands including Apple, Amazon, Netflix and Facebook traded lower on trade tensions. Meanwhile, shares of other tech companies including Alphabet, Broadcom, Qualcomm, Intel and Xilinx sold off after suspending business with China’s Huawei Technologies. On another note, crude oil ticked up to a…