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- Major US stock indexes rose on the basis of the trading session
Major US stock indexes rose on the basis of the trading session
Major US stock indexes ended in positive territory, recording a fourth consecutive sessional increase due to technology and other trade-sensitive sectors, following signs of progress in trade negotiations between the US and China.
Representatives of the two largest economies in the world completed trade negotiations in Beijing, which lasted longer than expected. Official representatives spoke positively about the meeting and said that the details will be published soon. This gives hope that the parties will be able to prevent an all-out trade war that could seriously harm the global economy.
Meanwhile, oil prices rose by almost 5% on Wednesday, as the extension of negotiations between the US and China in Beijing instilled hope that the two largest economies in the world will resolve their trade dispute. Some support for oil also had data from the US Department of Energy and the weakening US dollar.
Most of the components of DOW recorded an increase (18 out of 30). The growth leader was Apple Inc. (AAPL, + 1.73%). The outsider was Verizon Communications Inc. (VZ, -2.12%).
Almost all sectors of the S & P finished trading in positive territory. The largest growth was shown by the commodity sector (+ 1.2%). Decline recorded only the utilities sector (-0.5%)
At the time of closing:
Dow 23,879.12 +91.67 +0.39%
S & P 500 2,584.96 +10.55 +0.41%
Nasdaq 100 6,957.08 +60.08 +0.87%
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