Major equity indexes in the U.S. started the day sharply higher on Tuesday as the U.S. decision to ease trade restrictions imposed on Chinese tech-giant Huawei helped the risk sentiment turn positive and allowed the technology index to gain traction. As of writing, the Dow Jones Industrial Average was up 0.5% on the day while the Nasdaq Composite and the S&P 500 were adding 0.9% and 0.65% respectively.
Among the 11-major S&P 500 sectors, the Technology Index gains 0.95% on the day to lead the rally while the Materials and the Healthcare rise 0.9% and 0.8% in the early trade. The only sector in the negative territory was Consumer Staples at the time of press.
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