The Commerce Department announced that it will amend foreign direct product rules to restrict Huawei from access to semiconductors made with US software. A 90-day extension was granted to Huawei but the Department warned that it will likely be the final one. US500 dropped 15 pts on the news while DE30 pulled back more than 50 pts so far.
Stocks dropped after the US Commerce Department issued a statement on Huawei. Source: xStation5
Market wrap: Indices try to maintain rebound despite rising oil price🗽Broadcom shares surge
BREAKING: US500 gains amid military officials remarks on Strait of Hormuz
Morning wrap (05.03.2026)
Daily Summary – Indices rebound as oil markets await further developments