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Stocks Waver in Choppy Trading as Trade Tensions Won't Subside



Here Are 3 Hot Things to Know About Stocks Right Now

  • The Dow Jones Industrial Average dropped as consumer sentiment reached in 15-year high but investors juggled worried about the US-China trade was. (AAPL – Get Report) dipped slightly after analysts at Nomura submitted their below-market-price target on corporate vote from trade tensions between the world's two largest economies.
  • Nvidia (Get Report) was rising after the chipmaker topped analysts' first-quarter earnings forecasts, but backed away from full-year revenue guidance.

Wall Street Overview

Stocks wavered Friday as investors juggled worries about the US-China trade with a 1

5-year high in consumer sentiment

The University of Michigan's consumer sentiment index soared to a 15-year high. The Dow Jones Industrial Average dropped 2.1 points, or 0.01%, to 25.860, the S&P 500 fell 0.19%, and the Nasdaq slipped 0.49%.

Leading the Dow Higher were United Health (UNH – Get Report), Cisco (Get Report) and Boeing (VZ – Get Report). The biggest losers included Caterpillar (CAT – Get Report), 3M (Get Report), and IBM (IBM Get Report).

Stocks declined earlier in the session after China said America must show sincerity if it is to hold meaningful trade talks. China was responding to President Donald Trump's banning or China's Huawei Technologies from dealing with U.S. companies,

Trump, meanwhile, officially delayed applying tariffs on cars made in Europe and China and the White House said that U.S. Trade Representative Robert Lighthizer would pursue further talks with officials in Brussels and Tokyo and report back to the president in three months' time.

Apple (AAPL – Get Report) market-price target on corporate vote from trade tensions between the US and China

Shares of Deere (DE – Get Report) fell 6.1% to $ 137.15 after the equipment maker posted-than-expected second-quarter earnings and lowered its full-year profit outlook.

Nvidia Get Report) dipped slightly to $ 159.55 after the chipmaker topped analysts' first-quarter earnings forecasts, but backed away from full-year revenue guidance.

Pinterest (PINS) tumbled 11.8% to $ 27.21 after the company reported a first-quarter loss

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