Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.
US President Donald Trump said the trade deal with China was "done," subject to his and Chinese President Xi Jinping's approval. US tariffs will be set at 55% and China's at 10%, according to Trump.
In corporate news, General Motors (GM) plans to invest $4 billion in three plants in the US over the next two years as part of the automaker's efforts to boost domestic production of its gas and electric vehicles. GM shares gained 2.9%.
Tesla (TSLA) shares rose 0.6% after Chief Executive Elon Musk said that some of his recent posts about President Donald Trump "went too far."
General Mills (GIS) shares were shedding 0.2% after Bloomberg reported the company is considering selling its Haagen-Dazs stores in China.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。