(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Major U.S. stock indexes rose Tuesday after President Trump further signaled that U.S. and Chinese officials could still strike a trade deal, alleviating some of the pressure that had knocked stocks down in recent sessions.
Shares of technology companies led a broad market rally that has put the S&P 500 on pace for its biggest daily gain in more than a month. Ten of the 11 major S&P 500 sectors advanced in recent trading, with technology companies, among the hardest hit during the trade-fueled selloff, rising nearly 2%.
The Dow industrials added 207 points, or .82%, to 25532, as 28 of its 30 components notched gains in recent trading. The S&P 500 was also trading higher, gaining .80%—on track for its biggest daily gain since March 11—while the Nasdaq Composite rose 1.14%.
Still, Tuesday’s gains were modest compared with how much stocks have fallen since trade tensions resurfaced. The S&P 500 is off 3.5% from its April 30 record after negotiations between U.S. and Chinese officials broke down, paving the way for both countries to slap a new round of tariffs on imported goods.
Shares of technology firms and other fast-growing companies led the market higher, helping to recoup some of the losses the sector suffered this month. Apple, Microsoft and Amazon.com were all up at least 1.1% in recent trading.
Energy stocks also got a boost from rising oil prices. Shares of energy firms in the S&P 500 rose 1.7% alongside a 1.6% jump in crude oil prices.
Utility stocks, meanwhile, slipped as investors temporarily dialed back their need for more defensive equities.
The gains in the U.S. followed an upbeat trading session in Europe. The Stoxx Europe 600 was up 0.8% in recent trading, rising alongside several of the regional indexes.
In Asia, Hong Kong’s Hang Seng Index closed down 1.5%, Japan’s Nikkei fell 0.7% and Korea’s Kospi gained 0.1%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-14/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-bounce-on-heels-of-trade-related-selloff-2019-05-14/printWSJ:
https://www.wsj.com/articles/global-selloff-pauses-as-european-stocks-post-gains-11557820118?mod=hp_lead_pos2&mod=article_inline&mod=hp_lead_pos1Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-13/stocks-sell-off-to-hit-asia-as-china-strikes-back-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-bounces/CNBC:
https://www.cnbc.com/2019/05/13/us-stocks-react-to-china-trump-trade-tensions.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/tech-stocks-help-wall-street-rebound-from-trade-driven-rout-idUKKCN1SK1CAU.K:
https://uk.reuters.com/article/uk-britain-stocks/british-shares-rebound-as-trade-sentiment-tempers-greggs-on-a-roll-idUKKCN1SK0QAEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-rebound-from-two-month-lows-after-trade-sell-off-idUSKCN1SK19YAsia:
https://www.marketwatch.com/story/asia-stocks-sink-at-tuesdays-open-but-quickly-bounce-off-lows-as-us-china-tiff-unsettles-markets-2019-05-13/printBonds:
https://www.cnbc.com/2019/05/13/us-bonds-us-china-trade-tensions-remain-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/05/14/forex-market-china-tariffs-us-china-tensions-in-focus.htmlOil:
https://www.cnbc.com/2019/05/14/oil-jumps-as-saudi-energy-minister-reports-drone-terrorism-against-pipeline.htmlGold
https://www.cnbc.com/2019/05/14/gold-market-china-tariffs-us-china-trade-tensions-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
