NEW YORK: Wall Street stocks broke out of a two-day slumber and won solid gains on Wednesday afterThe conciliatory move, coupled with another rise in US Treasury bond yields, helped lift stocks after two lackluster sessions."Equities have the best of both worlds," said Karl Haeling of LBBW, citing expectations of central bank easing even as the economy is"okayish."The broad-based S&P 500 advanced 21.54 points to close at 3,000.
Top negotiators expect to reconvene in Washington early next month after an acrimonious summer in which trade relations deteriorated sharply and both governments announced waves of new tariffs in a stand-off that is dragging on the global economy.
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Source: The Straits Times - 🏆 8. / 63 Read more »