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US stocks slumped Monday as investors surveyed the economic damage caused by the coronavirus pandemic and considered gloomy prospects for a sustained rebound as oil prices hit the bottom of the barrel.

US President Donald Trump emphasized the nation's economic strength in his third State of the Union address on Tuesday, saying the country is "stronger than ever before".He also expounded on hot-button issues such as illegal immigration.

US technology companies are operating in an environment of tense US-China relations, with the US government taking steps to restrict sales of US technology to major Chinese companies, particularly Huawei Technologies Co and SMIC, China's largest semiconductor manufacturer, citing national security concerns.

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US President Donald Trump delivers his State of the Union address to a joint session of the US Congress in the House Chamber of the US Capitol in Washington, February 4, 2020. [Photo/Agencies]

Uber Technologies on Thursday wrote to US governors asking for early access to the vaccine for its drivers. In a letter, Uber CEO Dara Khosrowshahi wrote: "I encourage you to recognize the essential nature of their work."

US Speaker of the House Nancy Pelosi (center left) takes a "selfie" with US Representative Terri Sewell (center) as they stand with female House Democratic members of the 116th Congress for a photo outside the US Capitol in Washington, DC, on Friday. [Photo/Agencies]

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US stocks rose in early trading on Tuesday as investors bet the worst of the coronavirus pandemic has passed and the economy can begin to climb out of the hole dug by government-imposed stay-at-home orders.

US House Speaker Nancy Pelosi (D-CA) arrives for a House Democratic caucus meeting at the US Capitol in Washington, US, on Sept 18, 2019. [Photo/Agencies]

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US carrier Delta apologizes for listing Chinese territories as 'countries'

US medical device makers could lose 8 million this year as a result of the 25 percent US tariffs on Chinese imported goods that went into effect last week, and they may cause some manufacturers to downsize and cut research and development.