NEW YORK - Wall Street stocks rose on Wednesday following upbeat comments from Donald Trump on China trade talks as investors largely shrugged off the just-announced impeachment investigation of the US president.
The remarks came just one day after Trump railed against Chinese"abuses" at the UN summit, comments that had been seen as among the factors causing stocks to fall Tuesday.The broad-based S&P 500 also gained 0.6 per cent to 2,984.87, while the tech-rich Nasdaq Composite Index jumped 1.1 per cent to 8,077.38.
A memorandum of a call released by the White House showed Trump had urged his Ukrainian counterpart to investigate rival Joe Biden.Among individual companies, Dow member Nike surged 4.2 per cent after reporting better-than-expected quarterly profits on strong direct sales and higher revenues from China.