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US Futures on green territory after US resumes talks with China

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Futures show a positive start of the session on Monday, and the positive impulse came from processors after, as tensions between US-China have calmed down as a result of renewed trade talks.

President Trump proposed a consensus by stopping the imposition of new tariffs and lowering the restrictions on Huawei's telecom giant.

Twenty-seven shares with strong export sensitivity to China, the Dow Jones industrial index are trading ahead of the stock market.

The S & P 500 is green with 1.08%, the Dow Jones up 0.94% and the NASDAQ technology firing 1.7%.

Premarket:

Chip manufacturers are among the most profitable stocks:

Advanced Micro Devices (AMD) rose 5.1 percent while Micron (NASDAQ: MU) rose 6.3 percent and NVIDIA (NVDA) jumped 5 percent.

Genesee & Wyoming (GWR) grew 8.5% after the news that Brookfield Infrastructure and GIC bought the rail company for $ 112 a share or $ 8.4 billion.

MU (JMU) grew by 4.2%, even after China's ecommerce food service company reported a decline of 58.9% in 2018.

Applied Materials (AMAT) shot 3.8% after the news that the company will acquire Kokusai Electric $ 2.2 billion, with AMAT's AMAT market share going to over 20%.

 

 


 Trader Velizar Mitov

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