Equity and commodity markets regained their footing following the sharp falls of the previous trading session amid fresh trade-related fears. Dow rebounded +224-points or +0.91%, with Cisco Systems Inc (up +2.37%) and Intel Corp (up +2.25%) the leading index performers. The broader S&P500 +0.87%, with Information Technology (up +1.8%) leading 10 of the 11 primary sectors higher. The NASDAQ +1.39% (to 7,823.92) and fresh record closing high, Alphabet Inc (up +2.64%), Amazon.com Inc (+2.37% to US$1,796.62), Facebook Inc (+2.19% to US$206.92) and Microsoft (+2.17%) all closing over >2% higher. Indeed, Amazon and Facebook both rallied to fresh all-time highs. Netflix Inc did not join the broad tech sector rally, closing down -1.%. On the merger and acquisition (M&A) front, CA Inc jumped +18.1% after chipmaker Broadcom Inc (down ~6% in after-hours trading) announced a surprise US$18.9B deal to buy the business software company.
