China Is the Center of Attention

Credit: The Street
Published on October 9, 2019 - Duration: 00:59s

China Is the Center of Attention

U.S. stocks were having a strong run on Wednesday as investors take an optimistic view of the trade talks scheduled for Thursday in Washington D.C.

The Dow Jones Industrial Average was gaining 0.74%, or 194 points, to 26,358 while the Nasdaq and S&P 500 gained 1.1% and 0.9%, respectively.

Meanwhile, Apple is facing pressure in China following the company's decision to allow an app called HKmaps that is being used by protesters in Hong Kong to find out about street closures and where there's a police presence in the besieged enclave.

An article in the state-run China Daily attacked Apple for allowing the app to be downloaded, stating that "the developers of the map app had ill intentions by providing a 'navigation service' for the rioters.

Apple's approval for the app obviously helps rioters.

What was its true intention?" Apple is a key holding in Jim Cramer's Action Alerts PLUS charitable trust.

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