US stocks higher after big sell-off

Fox Business | May 14, 2019

US stocks higher after big sell-off
U.S. stocksOpens a New Window. rose Tuesday, with the Dow Jones Industrial AverageOpens a New Window. surging more than 300 points, after major averages the day before plunged more than 2 percent in what was the worst start to May since 1970. Wall StreetOpens a New Window. appeared to have expected the worsening of tensions between the U.S. and ChinaOpens a New Window.after Beijing said it would raise tariffs on $60 billion of U.S. imports in response to President Trump'sOpens a New Window. tariff hikeOpens a New Window. last week. “What we are seeing in the markets is normal, and even to be expected after the great start we have had this year. It is also a completely rational adjustment to the potential impact of the trade war on future growth," Brad McMillan, chief investment officer at Commonwealth Financial Network, told FOX Business. "In the bigger picture, it is also completely normal, with more than half of all years showing declines worse than what we have right now. Remember, we saw bigger declines at the end of last year, only to see a rebound.”

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