US stocks boosted by more benign signs on trade

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NEW YORK: Wall Street stocks climbed for a second straight session on Wednesday (May 15) after the US sent more conciliatory messages on trade, ...

NEW YORK: Wall Street stocks climbed for a second straight session on Wednesday after the US sent more conciliatory messages on trade, offsetting lacklustre economic data.The broad-based S&P 500 gained 16.55 points to 2,850.96, while the tech-rich Nasdaq Composite Index jumped 87.65 points to 7,822.15.

Also, US Treasury Secretary Steven Mnuchin told a Senate panel that Washington was close to resolving its differences with Mexico and Canada over steel and aluminium tariffs that have created friction among the trading partners. Google parent Alphabet jumped 3.9 per cent, unveiling new promotional formats as it competes with Amazon and Facebook for advertising dollars.

 

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