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US Equity Handover: Stocks Recover, but Trade Talks Still Stalled


  • US indices recovered after yesterday’s shellacking, gaining roughly 1% on the day.
  • Ten of the eleven major sectors rose on the day, led by technology stocks (XLK) with a nearly 2% gain. Utilities (XLU) were the laggard, shedding nearly 1%.
  • Uber rallied back toward 40.00 today, erasing roughly half of its loss from its IPO price, though traders remain highly skeptical on its prospects.

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