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Tech shares lift Wall Street amid escalating U.S.-China tariff war

Wall Street's main indexes inched higher on Wednesday as investors lapped up cheaper technology stocks in a choppy session that remained centered on tariff moves as China retaliated with more levies on U.S. goods. "The reflex to buy the dip is very strong and certainly the wipeout you've seen in tech stocks makes them cheap relative to where they were," said Chris Beauchamp, chief strategist at IG. Despite the early gains, all three benchmarks were down more than 10% from the levels seen before the reciprocal U.S. tariffwere announced last week.

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BOE Warns Risk of ‘Further Sharp Corrections’ in Markets Is High

(Bloomberg) -- The Bank of England said hedge funds have faced “significant” margin calls from their prime brokers as they navigated extreme market volatility in the aftermath of US President Donald Trump’s tariff announcements and warned that the risk of “further sharp corrections” remains high.While the central bank’s Financial Policy Committee found that so far those firms had been able to meet margin calls, it warned that the overall global risk environment has deteriorated, according to min

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VW's Traton posts 10% drop in Q1 sales on challenging market environment

(Reuters) -Volkswagen's truck unit Traton reported a 10% drop in first-quarter deliveries on Wednesday, citing a challenging market environment. "The U.S. market is continuing to suffer from a low transportation activity," the company said in a statement, adding market uncertainties caused by the possible impact of tariffs had a negative effect on first-quarter deliveries. JP Morgan said ahead of the release that it expected weaker U.S. order intake for truck makers to persist in the second quarter, regardless of the outcome of the tariff negotiations.

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3 Reasons to Sell AMC and 1 Stock to Buy Instead

Shareholders of AMC Entertainment would probably like to forget the past six months even happened. The stock dropped 34.6% and now trades at $2.66. This was partly due to its softer quarterly results and might have investors contemplating their next move.

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