Page 25 - ARUBA TODAY

BUSINESS Thursday 4 april 2019
A25

US stocks move higher in morning trading, led by tech

By DAMIAN J. TROISE pledges from China to end
Associated Press practices viewed by the
NEW YORK (AP) — U.S. U.S. as technology theft.
stocks moved broadly high- Investors are also keeping
er on Wall Street in morning a close watch on Britain’s
trading Wednesday, led messy departure from the
by technology companies European Union and a new
and banks. round of corporate earn-
Chipmaker Intel rose 2.7% ings results set to begin next
after naming a new chief week.
financial officer and rival The overall forecast is for a
Advanced Micro Devices weak round of results, with
jumped 10%. Morgan Stan- earnings by S&P 500 com-
ley rose 1.7%. panies expected to con-
Solid earnings helped push tract by 4 percent, accord-
Dave & Buster’s higher, ing to FactSet.
while weak earnings sent Delta will kick off the earn-
GameStop lower. ings results for airlines early
Consumer product and util- next week, with JPMorgan
ity companies lagged the and Wells Fargo leading
market as investors moved bank earnings later in the
toward riskier holdings, sig- week.
naling more confidence in KEEPING SCORE: The Dow
economic growth. In this March 5, 2019, file photo specialist Matthew Grenier works on the floor of the New York Jones Industrial Average
The U.S. and China resumed Stock Exchange. rose 80 points, or 0.3%, to
negotiations Wednesday Associated Press 26,259 as of 11:30 a.m. The
to end a trade war that that the world’s two largest more stable trading part- talks drag on. The latest S&P 500 index rose 0.6% as
has raised prices on goods economies can agree to nership. reports say that both sides it comes off of a four-day
for both consumers and pull back on some of those Markets have swayed for have resolved most of winning streak. The Nasdaq
companies. Investors hope tariffs and move toward a months as the contentious the key issues, with some composite rose 1.1%.q

Survey: Businesses add jobs at slowest pace in 18 months

By CHRISTOPHER RUGABER previous month’s gain of Manufacturing and con-
Associated Press 197,000. Still, the job gains struction firms both cut
WASHINGTON (AP) — in March are enough to jobs last month.
Companies added the slightly lower the unem- Small businesses added
fewest jobs in 18 months ployment rate over time. just 6,000 jobs, far below
in March, a private survey All the job gains were in the hiring by large and
found, suggesting employ- service sectors, such as medium-sized businesses.
ers may have grown more education and health Smaller companies typi-
cautious as signs of slower care, which added a cally struggle to compete
economic growth have combined total of 56,000. in hiring with bigger busi-
emerged. Professional and business nesses when fewer work-
Payroll processor ADP said services, which include ers are available. Bigger
Wednesday that busi- engineering, account- companies can often pro-
nesses added 129,000 jobs ing, and other higher-paid vide higher pay or greater In this March 7, 2019, photo visitors to the Pittsburgh veterans
last month, down from the work, added 41,000. benefits.q job fair meet with recruiters at Heinz Field in Pittsburgh.
Associated Press