A partial rebound for US equity markets following the sharp losses of the previous session albeit the benchmark indices finished below their best levels of the day - Dow up +30-points or +0.12%, with Apple Inc and Chevron both rising +1.2% to be among the leading index performers. The broader S&P500 +0.22%, with energy (up +1.4%) leading six of the eleven primary sectors into positive territory. The NASDAQ +0.39%, with Netflix Inc rebounding +3.9% after sliding -6.5% on Monday (25 June). Investors continued to parse over the latest headlines around trade, with reports suggesting President Trump is siding with his Treasury Secretary Steve Mnuchin over trade adviser Peter Navarro in wanting to use the Committee on Foreign Investment in the United States (CFIUS) to determine whether any investments in US firms should be allowed to proceed. Elsewhere in stock-specific moves, General Electric Co rallied +7.8% after the industrial conglomerate said it plans to spin off its health-care business and unload its ownership in oil-services company Baker Hughes (+2.1%). Harley-Davidson Inc fell -0.6% after tumbling ~6% on Monday (25 June) as President Trump took to Twitter to criticise the motorcycle-maker for a second day in-a-row after the iconic American brand said it would shift more production abroad to avoid European Union tariffs. President Trump tweeted that "Harley must know that they wont be able to sell back into USA without paying big tax!" and that the company "will be taxed like never before!".
