Pre-Market Report – Wednesday 5 February: US markets rally, China reopens | Google down 6% on results

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The Nasdaq Composite and S&P 500 moved higher on Tuesday due to a strong gain in Palantir , as Wall Street sought stable footing following the latest developments on the global trade front.

The tech-heavy index jumped 1.35% to 19,654.02, while the S&P 500 rose 0.72% to 6,037.88. The Dow Jones Industrial Average climbed 134.13 points, or 0.3%, to 44,556.04.

The Chinese government slapped tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher duties on crude oil, farm equipment and selected cars, effective Feb. 10.

SPI up 53 - Alphabet falls 6% after hours. AMD down 5% - AMC Results - Gold hits records.

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