Wall St ends higher on trade war de-escalation hopes

Quick Summary:

Wall Street stocks advanced on Wednesday on revived hopes for progress in the US-China trade dispute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has "no intention of firing" Fed chair Jerome Powell.

The Dow rose 419.59 points, or 1.07%, to 39,606.57, the S&P 500 gained 88.10 points, or 1.67%, to 5,375.86 and the Nasdaq gained 407.63 points, or 2.50%, to 16,708.05.

"You're going to be hard pressed to find an economist who thinks that this level of tariffs and trade protectionism is a good idea," Mayfield said.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Markets TechStocks WallStreetRally EarningsSeason MarketSentiment TariffTalks /Business/ FedIndependence TradeOptimism

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Published On: 2025-04-24 @ 06:43:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 713 words

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News ID: 28179959

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