Industrial and consumer stocks lead rebound in US indexes – Minneapolis Star Tribune

NEW YORK — U.S. stocks are rising Monday as major indexes rebound from the previous week’s losses. The S&P 500 is on track to break a four-day losing streak as industrial and retail stocks rise. Technology companies are also recovering after their drop last week.

Apple fell after saying a new round of bigger U.S. tariffs could push it to raise prices. Indexes in Asia mostly fell as investors fretted over the possibility of new and bigger U.S. tariffs on Chinese goods.

CBS is skidding after it announced the departure of longtime CEO Les Moonves and Chinese e-commerce company Alibaba is down after it said co-founder Jack Ma will step down as chairman in 2019.