Wall Street rebounds on Friday led by decisive gains in tech shares
|Major equity indexes in the United States started the day in the positive territory on Friday as easing trade worries allowed risk-appetite to take control of the price action. The CBOE Volatility Index, Wall Street's fear gauge, was last down 5.6% on the day to reflect the upbeat mood while the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were adding 0.5%, 0.45% and 0.6%, respectively.
U.S. President late on Thursday said that he was hopeful that at some point they could come together with China to make a deal. "Things probably are going to happen with China fast," Trump added.
Among the 11 major S&P 500 sectors, the risk-sensitive Technology Index is gaining 0.83% to lead the rally while the Communication Services Index is adding 0.6%. On the flip side, the Consumer Staples Index seems to be the only sector that's in the negative territory in the early trade.
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