The stock exchanges in New York started the new session on Tuesday with gains, after the substantial losses a day earlier. The developments surrounding the Chinese telecom giant Huawei continue to dominate sentiment. Automaker Tesla went down after a negative analyst report.
Shortly after the opening bell, the leading Dow Jones index recorded 0.6 percent higher at 25,817 points. The broad S&P 500 rose 0.7 percent to 2858 points. Nasdaq technology level meter won 0.9 percent to 7771 points.
The US announced to postpone restrictions against Huawei by ninety days. Earlier, the Americans blacklisted the company for suspicion of espionage, after which Google and chip companies, among others, announced their cessation of deliveries to the company. Chip funds such as Intel, Qualcomm and Broadcom now won up to 2.3 percent. Google’s mother Alphabet (plus 0.7 percent) also had a profit.
Tesla lost nearly 3 percent in the opening minutes. According to experts at Morgan Stanley, the automaker is facing a gigantic fall when production targets are not met and the issue of twitter messages from CEO Elon Musk is not being brought to a successful conclusion.