May 21, 2019 - Page 3 of 3 - Financial Occultist

US Commerce Department

Says it is revising entity list restrictions on Huawei so existing customers can maintain networks
Allows Huawei to provide service and support, including software updates or patches to existing Huawei handsets
Says it is creating a 90-day temporary general license for Huawei and 68 entities through to the 19th of August

Headlines via Reuters

US Commerce Dept. ever so slightly pulling back the restrictions on Huawei. Tech stocks on the US have been hit on the Huawei developments over the weekend and into Monday.

Stocks down but it could have been worse

21-May-19 06:06 am

Anirudh Sethi

Nasdaq the hardest hit

The major US indices are ending the session in the red, but it could have been worse.

The final numbers are showing:

The S&P index fell -19.31 points or -0.67% at 2840.23. The low reached 2831.29
The Nasdaq fell -113.91 points or -1.46% at 7702.37. The low reached 7678.34
The Dow fell -84.10 points or -0.33% at 25679.90. The low reached 25560.55

Looking at the ranges and changes for the US and European markets, the major indices for the most part stayed below the 0.0% as global trade concerns weighed on equity sentiment.