(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Shares of technology companies fell Monday after some U.S. businesses moved to comply with the Trump administration’s decision to put Huawei Technologies on a trade blacklist, pushing the S&P 500 lower to start the week.
Google parent Alphabet and other tech companies moved to cut Huawei’s access to their technology, sending shares of those companies lower to extend the broad index’s latest bout of volatility.
The S&P 500 fell 0.67% , while the Dow Jones Industrial Average slipped 84 points, or 0.33%, to 25679. The tech-heavy Nasdaq Composite fell further, shedding 1.46%.
Alphabet will restrict Huawei’s access to certain Android features, while Qualcomm has suspended shipments to Huawei of its chips, The Wall Street Journal reported. The moves come after the Trump administration’s decision last week to curb the Shenzhen-based telecom giant’s access to U.S. technology.
Shares of Alphabet declined 2.1% in the wake of the news, while Qualcomm slid 5.4%. Chip makers were broadly hit, with the PHLX Semiconductor Index falling 3.3% in recent trading.
Shares of Apple , for example, slid 3.3% after HSBC cut the iPhone maker’s price target, citing the company’s exposure to the trade conflict between the U.S. and China.
Tesla shares, meanwhile, fell to their lowest level in a year after analysts cited concerns around the electric car maker’s growth prospects and the underlying demand for its Model 3 vehicle. Shares were recently down 2.5%.
Including Monday’s declines, the S&P 500 has given up more than 3% this month since trade tensions re-emerged.
Stocks around the world mostly fell. The Stoxx Europe 600 slid 1.1%, as most regional indexes notched declines. In Asia, the Shanghai Stock Exchange dropped 0.4% and Hong Kong’s Hang Seng Index declined 0.6%. Japan’s Nikkei Stock Average gained 0.2%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-20/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stocks-poised-to-start-the-week-lower-as-trade-tensions-persist-2019-05-20/printWSJ:
https://www.wsj.com/articles/global-stocks-slip-as-trade-skirmish-drags-on-11558338168Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-19/stocks-set-to-open-mixed-in-asia-aussie-jumps-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-escapes-game-of-thrones-torching-tech-stocks-4-stock-market-leaders-up/CNBC:
https://www.cnbc.com/2019/05/20/stock-market-wall-street-in-focus-as-global-trade-fears-ease.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/wall-st-lower-as-tech-stocks-sell-off-on-huawei-fallout-worries-idUSKCN1SQ19MU.K:
https://uk.reuters.com/article/uk-britain-stocks/trade-jitters-drag-uk-shares-turbulence-hits-ryanair-idUKKCN1SQ0N8Europe:
https://www.reuters.com/article/us-europe-stocks/european-stocks-fall-on-worries-about-huawei-fallout-idUSKCN1SQ0NUAsia:
https://www.marketwatch.com/story/china-markets-retreat-on-rising-trade-tensions-with-us-2019-05-19/printBonds:
https://www.cnbc.com/2019/05/20/us-bonds-treasury-yields-tick-higher-ahead-of-fed-speeches-auctions.htmlCurrencies:
https://www.cnbc.com/2019/05/20/forex-markets-australian-dollar-japanese-yen-in-focus.htmlOil:
https://www.cnbc.com/2019/05/20/oil-markets-opec-in-focus.htmlGold
https://www.cnbc.com/2019/05/20/gold-near-two-week-low-as-dollar-eclipses-safe-haven-appeal.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 
