REUTERS: Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week.
"A partial deal with China would at least pave the way for a larger deal down the road," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York."Every day we get a different tweet and the market takes a different direction. Today is an up day on a favorable tweet." The Dow Jones Industrial Average rose 182.1 points, or 0.7per cent, to 26,346.14, the S&P 500 gained 26.34 points, or 0.91per cent, to 2,919.4 and the Nasdaq Composite added 79.96 points, or 1.02per cent, to 7,903.74.
The drugmaker's shares dropped 2.0per cent after a jury awarded US$8 billion in punitive damages in a case surrounding its antipsychotic drug Risperdal.
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:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street gains on trade optimism, but Beijing tempers hopesNEW YORK (REUTERS) - Wall Street rose on Wednesday (Oct 9) on hopes of progress in US-China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US: Wall Street opens higher as reports fuel trade deal hopes[NEW YORK] US stocks opened higher for the first time in three sessions on Wednesday, boosted by technology shares, as latest media reports raised hopes of progress in high-level trade talks between the US and China, after a turbulent start to the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street gets tech boost as reports bolster hopes of trade dealWall Street rose on Wednesday on the back of gains in technology stocks, as investor sentiment was boosted by reports indicating an ease in trade ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street drops as tensions climb ahead of trade talksU.S. stocks tumbled on Tuesday as optimism faded over the outcome of trade talks after a report the Trump administration was moving ahead with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mounting trade concerns bog down Wall StreetU.S. stocks tumbled on Tuesday as optimism faded over the outcome of trade talks after a report the Trump administration was moving ahead with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »