Wall Street rises on trade hopes, chip stocks at record highs

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks opened higher on Wednesday, resuming a rally after a pause in the previous session, fueled by optimism over trade talks with Beijing ...

REUTERS: New York's main stock indexes rose on Wednesday, extending a strong start to the quarter as a rally in chipmakers added to optimism over trade talks between the United States and China.

Global growth slowdown fears receded after a report which showed China's services sector rose to a 14-month high in March, following upbeat manufacturing data from China and the United States earlier in the week. The gains put the S&P 500 less than 2per cent away from a record high hit in September as a dovish Federal Reserve and trade hopes set the stage for a strong start to the quarter.

Caterpillar Inc dropped 0.8per cent on a report that Deutsche Bank downgraded the company's stock to a"hold" rating.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines