A sharp recovery in Apple shares yanked the Nasdaq Composite back into positive territory during lunchtime trade in New York on Monday.

That has also helped the other equities gauges limit their declines in a session that had been dominated by renewed uncertainty around Brexit and US-China trade relations.

The Nasdaq Composite was up 0.2 per cent, while the S&P 500 was down 0.5 per cent and the Dow Jones Industrial Average 0.7 per cent lower.

Apple was down 0.3 per cent at a seven-month low of $168, recovering from a drop of as much as 3.1 per cent that, at the other end of the scale, saw it up as much as 0.6 per cent.

It also helped drive a turnround for the broader technology sector, up 0.6 per cent and the only positive performer in the S&P 500. Other tech names with solid gains included Broadcom, up 3.5 per cent, Nvidia, up 2.9 per cent, and Qualcomm, up 2.2 per cent.

Energy, down 2.5 per cent, financials, down 1.6 per cent, and telecommunications, down 1.1 per cent, were the benchmark’s worst-performing groups.

Government bonds remained weak as Treasury yields sat higher despite the sell-off in the equities market. The yield on the benchmark 10-year Treasury was up 0.8 basis points to 2.8575 per cent, but still hovering around three-month lows.

The dollar remained propped up by weakness in the British pound. The DXY index, which tracks the buck against a weighted basket of global currencies, including sterling, was up ⅔ of 1 per cent to 97.141.

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