Wall Street drops sharply one day after giant rally

2018 state exports map

Dow jumps 500 points on optimism over China and US trade talk

everThe country's blue-chip indices saw an improved mood following last week's falls, which saw the S&P 500 suffer its worst weekly performance in more than two years.

CHINA FACTOR: The fears of worsening trade tensions eased after China's government said it is open to negotiating with Washington. Nasdaq took the day's heaviest drop, with a 2.9 percent tumble, or 212 points. Higher yields are good for banks, because they drive up interest rates on mortgages and other loans, making them more profitable for lenders. The Standard & Poor's 500 index advanced 2.7 percent to 2,658.55.

Japan's benchmark Nikkei 225 added 1.7 percent in morning trading to 21,110.68. The Nasdaq added 3.3 percent to 7,220.54, while the Russell 2000 index of smaller-company stocks picked up 2.2 percent, to 1,543.72. The Nasdaq climbed 195 points, or 2.8 per cent, to 7,188. Prices dipped ahead of an anticipated rise in US weekly crude inventories tomorrow. Bank of America added $1.27, or 4.4 percent, to $30.44.

Apple reportedly planning to launch iPhone with fold-able screen
In case of Revenue Estimates, 30 analysts have provided their consensus Average Revenue Estimates for Apple Inc .as 61.26 Billion. Arlington Capital Management Inc sold 19,443 shares as the company's stock declined 50.78% while stock markets rallied.

Strong gains in technology companies and banks are leading stocks higher as the market recoups some of its huge losses from last week.

Nvidia tumbled more than any other stock in the S&P 500 on published reports that the company has temporarily stopped testing its technology for self-driving cars in the wake of a deadly collision last week in Tempe, Arizona, involving an Uber autonomous vehicle and a pedestrian. General Electric was the only laggard in the Dow, down around 1 percent. Facebook has lost 20 percent of its value since hitting a record high February 1.

US markets fell swiftly earlier this year when he imposed steep tariffs on steel and aluminum imports.

Twitter Confirms Crypto Ad Ban Starts Today
Twitter also confirmed the news to Verge, that the policy will be fully enforceable among all the advertisers within a month. Reading into Twitter's position, it appears that Initial Coin Offerings (ICOs) are the main trigger behind the move.

Benchmark U.S. crude declined 30 cents to settle at $65.25 a barrel on the New York Mercantile Exchange. Wholesale gasoline was little changed at $2.01 a gallon.

Gold fell $13, or 1 percent, to $1,342 an ounce.

CURRENCIES: The dollar rose to 105.73 yen from 105.22 yen on Monday. Tech shares fell 3.4% in their biggest one-day decline in about six weeks, while financials shed 1.9%. Britain's FTSE 100 shed 0.5 percent. The stock eked out a gain of 67 cents, or 0.4 percent, to $160.06. Microsoft rose $6.60, or 7.6 percent, to $93.78. Sydney's S&P-ASX 200 fell 0.5 percent.

Israeli police question PM, his family over corruption
The final decision about whether to prosecute him rests with the Israeli attorney general, which could take months. Netanyahu has denied all corruption allegations, calling them part of a media witch hunt.

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