Today's data summary

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As of 21:59 24 May 2019

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US stock markets close higher

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US stocks closed higher, ahead of a long Memorial day weekend, after US President Donald Trump predicted a swift end to the ongoing trade war with China.

President Trump said on Thursday that Huawei Technologies could also be included in the trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous."

However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.

The Dow Jones rose 98.14 points, or 0.39%, to 25,588.61.

The S&P 500 gained 4.14 points, or 0.15%, to 2,826.38.

And the Nasdaq Composite added 8.73 points, or 0.11%, to 7,637.01.

Wall Street closes down

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US stock indexes slumped at the close, as investors dumped technology, industrial and energy shares after fears that a spiralling trade war between the US and China would shackle global growth.

The Dow Jones Industrial Average was down 286.1 points at 25,490.47. The S&P 500 was down 34 points at 2,822.24 and the Nasdaq Composite was down 122.6 points at 7,628.28.

US investors fear US-China tech cold war

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US stocks are lower as investors fear that the US-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight.

The Dow Jones Industrial Average fell 374 points to 25,403. The S&P 500 was lower by 37 points at 2,819. The Nasdaq Composite dropped 123 points, or 1.16%, to 7,629.

US stocks close lower

US stock market
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Fears over continuing trade tensions have hit US stocks. The Dow Jones closed down0.4% at 25,776.61, the Nasdaq also slid dropping 0.5% to 7,750.84 while the S&P ended 0.3% lower at 2,856.27.

"It is hard to trade when there is so much uncertainty and confusion out there.

"It doesn't sound like talks are going to restart anytime soon, so we'll have to wait until the G20 summit in late June," says Ryan Nauman, market strategist at Informa Financial Intelligence.

US stocks drop

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It's a different story in the US where all three main indexes are trading lower.

The Dow Jones Industrial Average is currently 63.57 points, or 0.25% lower, at 25,813.76. The S&P 500 is down 6.17 points, or 0.22%, at 2,858.19 and the Nasdaq Composite is down 24.20 points, or 0.31%, at 7,761.53.

Analysts are blaming ongoing trade tensions between the US and China for the fallout.

Tech stocks fuel Wall Street rebound

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Major US stock indexes have closed higher after the US temporarily eased curbs on China's Huawei Technologies, raising expectations that the two countries would work towards a trade deal.

The Dow Jones Industrial Average was up 197.4 points at 25,877.33. The S&P 500 was up 24.3 points at 2,864.48 and the Nasdaq Composite was up 83.4 points at 7,785.72.

US stocks rise

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US stock indexes are rising in a broad-based rally as Washington's decision to temporarily ease curbs on China's Huawei Technologies allayed concerns over a further escalation in trade war between the two countries.

Chipmakers, which bore the brunt of a sell-off on Monday, rose after the US granted the Chinese telecoms equipment maker a license to buy US goods until 19 August.

The Dow Jones Industrial Average was up 181 points at 25,861. The S&P 500 was up 25 points at 2,864 and the Nasdaq Composite was up 87 points at 7,789.

Wall Street ends lower

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Wall Street shares have ended lower, as fears of a continuing US-China trade war dragged indexes down, particularly technology shares, as multiple US tech firms announced that they would no longer supply Huawei with components, and Google restricted Huawei's use of Android.

At the closing bell, the Dow Jones Industrial Average fell 0.33% to 25,679.76, the S&P 500 lost 0.68% to 2,840.09 and the Nasdaq Composite dropped 1.46% to 7,702.38.

Wall Street opens lower

Little Girl statue standing in front of the New York Stock Exchange
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Wall Street shares have opened much lower, with the Nasdaq down 1.7% at the start of trading, after Google announced it was restricting Huawei's use of its flagship Android smartphone operating system, which means future phones will lose access to some Google apps.

The Dow Jones Industrial Average is 150 points or 0.6% down to 25,614.36. Top of the losers is mining giant Caterpillar, which has fallen 3% to $122.76 on continued US-China trade war fears.

The S&P 500 has slipped 19 points or 0.7% to 2,840.46. US chipset manufacturer Qualcomm heads the losers, sliding 4.8% to $77.62 after joining Google in cutting off supplies to Huawei.

And finally, the tech-heavy Nasdaq dropped 1.7% on open but is now recovering. It is now 103 points or 1.3% lower to 7,713.21.

Top of the losers is electric carmaker Tesla, which has dropped 6.8% to $196.60 after an analyst from Wedbush cut its guidance on the firm and said that Tesla should be focusing on producing more Model 3 cars, instead of expanding into robotaxis and "other sci-fi projects".