The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
economic growth@ (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
* Fed keeps rates unchanged, adding to market gains
* Apple up as China sales steady, upbeat on accessories
* Indexes: Dow up 0.2%, S&P 500 off 0.2%, Nasdaq gains 0.5% (Updates to after Fed statement)
NEW YORK, May 1 (Reuters) - U.S. stocks added slightly to gains after the Federal Reserve held interest rates steady and its policymakers said the economy was in good shape.
In its latest policy announcement, the Fed cited ongoing job and economic growth. Policymakers also held out hope that weak inflation will edge higher.
"There's no change in what the market thinks about the Fed path. At the border the Fed is coming across as slightly more dovish," said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee.
The rate-sensitive S&P real estate index extended gains after the news and was last up 1.1%, while the financial index added to losses and was last down 0.5%.
Earlier, the S&P 500 hit a record high as shares of Apple Inc rose, a day after the company reported quarterly results that beat Wall Street estimates despite a record drop in iPhone revenue.
The company also announced plans for a new $75 billion share buyback and bumped up its cash dividend by 5%. The Dow Jones Industrial Average rose 57.2 points, or 0.22%, to 26,650.11, the S&P 500 gained 6.09 points, or 0.21%, to 2,951.92 and the Nasdaq Composite added 42.88 points, or 0.53%, to 8,138.27.
The technology sector, up 1.1%, has been the day's best-performing sector.
Advancing issues outnumbered declining ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.
The S&P 500 posted 46 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 79 new highs and 43 new lows. (Additional reporting by Sinead Carew in New York and Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Arun Koyyur and Steve Orlofsky)