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Positive Sentiment Prevailed Among Investors on Wednesday

Author:
Alexandar Machev
Market News

U.S. stocks closed higher Wednesday amid developments in U.S. international trade relations that were being viewed as optimistic by investors who have become increasingly sensitive to tariff headlines.

The market‘s gains were broad with shares of internet-related and information technology companies underpinning the rebound.

The Dow Jones Industrial Average rose 115.97 points, or 0.5%, to 25,648.02 and the S&P 500 index gained 16.55 points, or 0.6%, to 2,850.96. The tech-heavy Nasdaq Composite Index outperformed its peers, advancing 87.65 points, or 1.1%, to 7,822.15.

Communication services and information technology were the big winners while financials, materials and utilities ended lower.

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports. The news helped stocks to recover from early-morning losses and gain a foothold in positive territory.

 

 

International Financial Markets Department

Euro-Finance Ltd.

forex@eurofinance.bg

www.eurofinance.bg 

*This material should not be considered as a recommendation for buying/selling securities.