Dow set to jump 250 points amid US-China trade talks, tech shares rise - CNBC
CNBC - Tue 8 Jan 20:05 GMT

Dow set to jump 250 points amid US-China trade talks, tech shares rise - CNBC

Stocks rose on Tuesday as large tech companies like Apple and Amazon outperformed while investors remained cautiously optimistic Washington and Beijing could move forward on a trade deal.

  Stocks rose on Tuesday as large tech companies like Apple and Amazon outperformed while investors remained cautiously optimistic Washington and Beijing could move forward on a trade deal.

  Apple shares rose 2.3 percent after CEO Tim Cook tried to assuage some of the concerns plaguing the tech giant.

  These gains add to the so-called FAANG trade's sharp rise since late December.

  Through Monday's close, Facebook shares have surged 12.2 percent since then, while Amazon has rocketed 24.7 percent.

  There's also "some optimism in trade and the FAANGs have been pretty highly correlated to the developments of trade."