Dow industrials, S&P 500 slip, but Nasdaq snaps losing streak with Micron surge
The Nasdaq Composite Index registered a modest gain on Wednesday, buoyed by a Micron Technologies-led rebound in chip makers, but the broader market finished slightly lower to flat, as selling in real estate, utilities and consumer staples weighed. The Nasdaq COMP, +0.32% finished up 25 points, or 0.3%, at 7,910 , halting three straight days of losses as upbeat quarterly results by Micron MU, +13.34% helped to inspire a rally in the semiconductor sector SOX, +3.
21% However, gains faded in the last two hours of trade as investors wrestled with the coming G-20 gathering in Japan, where President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to discuss a cease-fire in tariff tensions. Markets were higher in early trade after investors interpreted a CNBC interview of Treasury Secretary Steven Mnuchin in Bahrain as signaling hope for a Sino-American trade deal. Mnuchin said that an accord was 90% complete.
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