Reported 16 days ago
US stocks saw a slight uptick on Wednesday as traders remained cautious amidst ongoing US-China trade tensions, buoyed by strong earnings reports from major banks. The Dow stayed nearly flat, while the S&P 500 increased by 0.4% and the Nasdaq Composite rose by 0.7%. Bank of America and Morgan Stanley reported significant profit increases, enhancing optimism for possible interest rate cuts following remarks from Federal Reserve Chair Jerome Powell. Despite market gains, concerns over trade conflicts and a looming government shutdown lingered.
Source: YAHOO