China and the United States have surpassed the $1 trillion mark for the number of U.S.-made computer parts in circulation.
That’s a record, according to the Computer and Communications Industry Association, a trade group.
The number was previously held by a Chinese company, according, but the Chinese government announced that the country had surpassed it in March, the group reported.
China’s biggest tech firms are expanding operations in the United State, which was a huge growth driver for the country, according a recent report by the Pew Research Center.
U.K. stocks are up 0.4% on the news and are off to their worst monthly losing streak since early 2017.
U.K.-based oil firm Total’s shares are down 0.9% after the company reported earnings.
Shares of Amazon fell 3.6% after announcing its latest annual loss and a second quarterly loss.
Aircraft makers have been increasing production in the U.N.-designated zone in the Middle East and North Africa, a move that has been seen as boosting their profits.
The U. S. is the second-largest consumer of Chinese-made products after the U,S., with China accounting for more than 50% of the U’s overall imports.
Apple shares are up 2.5% after falling 2.6%, but were off 0.7% from the previous day’s closing low.
Netflix stock is up 4.5%, after a 7.2% drop in the previous week.
The streaming service said its fourth-quarter revenue was up 5% to $4.6 billion.
Amazon stock is down 1.6%.
Microsoft shares are off 1.5%.
Shares in FedEx fell 3%.
Safeway shares are on track for their worst day since May, with shares down 2%.
The Dow Jones industrial average is up 1.7%.