The markets finished their worst week of the year with a gain by the close. China tariffs officially have been increased to 25% on $200 billion in goods. Talks are still ongoing. Overnight, Chinese stocks saw a sharp rally, posting the best day in over a month.

Here in the States the markets traded in a volatile range as the midnight deadline hit. Initially today the markets were trading lower but ultimately the Dow rallied over 450 points off the lows to close the day higher by 114. The S&P 500 also saw a gain on the day of 10 and the Nasdaq closed in the green by 6.

Aside from trade war news, investors were focused on the much-anticipated IPO of Uber, which went public this morning.

Stock News

Uber (UBER  ) shares officially went public today, opening at $42 a share after pricing at $45 last night. Shares traded in a wild range initially as expected. Rival Lyft (LYFT  ) traded lower by 3.4% and is now lower by 30% since their IPO. Today's pricing of Uber puts its valuation at 6.3 times last quarter sales, while Lyft is currently trading at 5 times.

Yelp (YELP  ) shares sold off around 15% today following an earnings report that offered a bleak future. The company guided lower for the second quarter and the full year, stating their revenue growth would not likely meet Wall Street's expectations.

Shares of Apple (AAPL  ) found themselves in the crosshairs of the trade war. Analyst have been voicing their concerns that Apple is a major vulnerability due to their iPhone production reliance on China. Shares moved back to the 200-day moving average, where they found intra-day support.