The Nasdaq outperformed other key indexes in afternoon trading in stocks today. But in general, investors appear to be brushing off concerns over stability in the East Asia region after President Trump canceled a highly anticipated June 12 meeting with North Korean leader Kim Jong Un in Singapore. A new Chinese IPO broke out. X The Trump news didn’t stop ZTO Express (ZTO), a play on Chinese e-commerce, from breaking out. However, keep in mind that the stock has a penchant for pulling back rapidly after hitting new highs. At 2 p.m. ET, the Nasdaq shaved a 1% early-morning loss to nearly nil. Key Nasdaq component Apple (AAPL) erased minor morning losses and is trading near 188, up 5% past its latest 179.04 buy point in a seven-week double-bottom base. The S&P 500 and the Dow Jones industrial average also cut beefy early losses to around 0.2% to 0.3%. The small-cap S&P 600 rose fractionally. Meanwhile, the Dow transports rallied more than 1.1% as airline, railroad, logistics and truck firms gained ground amid a 1.6% drop in WTI crude oil futures. West Texas Intermediate crude is now at $70.70 a barrel, still up 17% year to date. Please read Wednesday’s… Read full this story
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