Major US equity indices opened slightly higher on Tuesday and attempted a modest recovery following a trade-driven selloff in the previous session. Prospect of a full-blown US-China trade war spooked global investors and triggered a strong wave of risk-aversion trade on Monday. The broader S&P 500 Index recorded its steepest one-day decline since early April and the blue-chip Dow Jones Industrial Average closed below the closely watched 200-day long-term moving average for the first time since June 2016. Meanwhile, conflicting signals from the Trump administration over proposed restrictions on foreign investment in US tech companies took a significant toll on a number of technology stocks, with tech-heavy Nasdaq Composite Index shedding over 2% to register its biggest one-day percentage loss since April 6. After initial reports on Monday that only Chinese investments would come under check, the US Treasury Secretary Steven Mnuchin said on Twitter that restrictions would apply “to all countries that are trying to steal our technology”, not just China. However, White House trade and manufacturing adviser Peter Navarro, speaking to on CNBC, said that a forthcoming Treasury Department report will focus on China, and with respect to other countries, there is “nothing on the table.” It would now be interesting to see if the up-move is sustainable or gets sold into as investors might now turn reluctant to re-enter the market amid fears of a spiralling trade dispute between the US and other major economies. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: Greenback currently supported near 1.3300 level FX Street 5 years Major US equity indices opened slightly higher on Tuesday and attempted a modest recovery following a trade-driven selloff in the previous session. Prospect of a full-blown US-China trade war spooked global investors and triggered a strong wave of risk-aversion trade on Monday. The broader S&P 500 Index recorded its steepest one-day decline since early April and the blue-chip Dow Jones Industrial Average closed below the closely watched 200-day long-term moving average for the first time since June 2016. Meanwhile, conflicting signals from the Trump administration over proposed restrictions on foreign investment in US tech companies took a significant toll… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.