News by: Himanshu Singh
The technology sector of the S&P 500 closed up for the first time in 11 sessions.
Chinese markets were mostly lower following the data release.
And Trump’s commerce secretary rubbishes IMF warnings of US protectionism while making new attack on trade surpluses of China, Europe and Japan.
And George Soros is sued for $10 billion over Guinea mines row as diamond boss Benny Steinmetz brands tycoon ‘racketeer billionaire’.
And Apple mulls throwing its weight behind £21.5 billion bid for Toshiba chip business.
And Royal Mail to close pension scheme due to 'unaffordable' ballooning costs.
The US dropping the largest non-nuclear weapon in its arsenal in Afghanistan did little to encourage traders into a buying mood.
And AkzoNobel reports shareholder Elliott to financial authorities following calls to remove chairman.
Industrials and materials were the biggest drags on the market along with financials.
And soaring dollar in Trump era risks global trade war and China currency crisis.
Assets perceived as safe, such as US Treasurys, rallied, sending their yields near their lowest levels in months.
And Barclays’ board reprimanded boss Jes Staley as City watchdogs launch probe over whistleblower case.
However, market sentiment remained cautious going into the first-quarter earnings season.
Rio Tinto added 0.64% after reports the miner paid $4 billion in taxes and royalties last year.
And British workers for British jobs is a 'fallacy', industry leaders warn.
And Unilever chief Paul Polman hits out at 'fast money' hedge funds as he prepares to meet Government over takeover rules.
And 21st Century Fox takeover of Sky wins green light from Brussels.
And Norway’s $910 billion oil fund is pushing for a radical overhaul of chief executive pay.
Comcast was the S&P's biggest boost with a 2.1% gain after it announced a wireless service.
Financials led the sell-off in a late-afternoon reversal, while utilities and real estate gained.