Shares of technology companies rose, and were set to test all-time highs amid optimism about trade talks between the U.S. and China.
U.S. Commerce Secretary Howard Lutnick said the talks were proceeding well. After China imposed restrictions on rare-earth minerals -- a vital component for technology and military products -- the U.S. responded by cutting off exports of some computer chips, weighing on Nvidia and other chipmakers.
U.S. chip restrictions would not have an impact on Huawei Technologies, the Chinese smart-phone maker's founder Ren Zhengfei said.
The Roundhill Magnificent Seven exchange-traded fund, which tracks the largest seven tech stocks, rose 1.2% and is within 2% of an all-time high.
Ride-hailing concern Uber Technologies and self-driving car startup Wayve Technologies agreed to launch public-road trials of fully autonomous vehicles in London, as experiments in the U.S. are expanded to European cities.
International Business Machines said it has a plan for building a large-scale, fault-tolerant quantum computer at its New York data center before the end of the decade, as Big Blue seeks to remain at the forefront of the next generation of computing power.
GameStop was flat ahead of the videogame-rental chain's earnings.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-10-25 1751ET
