Technology stocks halted their recent slide and helped the S&P500 and Nasdaq snap a four session losing streak US markets - Dow shed 59-points or -0.23%, with Apple Inc down -1.3% as trade concerns continued to overshadow the company's latest product launch event on Wednesday (12 September). However, the Dow Jones Transportation Average rallied +1.8% to a record all time high. The broader S&P500 added +0.19%, with Utilities (up +0.58%) and Real Estate (+0.54%) leading eight of the eleven primary sectors higher. The technology centric NASDAQ +0.27%. With the US mid-term elections just 2-months away Republicans in the House of Representatives plan to unveil tax cuts this week, intended to augment the Trump administration's 2017 tax overhaul. On the trade front, China Foreign Ministry spokesman Geng Shuang told a regular briefing, when asked about President Trump’s latest tariff warnings, that “If the US side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures to resolutely protect our legitimate rights.”
