Reported 17 days ago
U.S. stocks showed slight gains on Wednesday as Wall Street navigated a blend of earnings optimism and ongoing U.S.-China trade tensions. The Dow Jones remained nearly unchanged, while the S&P 500 rose by 0.4% and the Nasdaq Composite gained 0.7%. Bank of America reported a profit increase of 23%, and Morgan Stanley's profits surged 45%. Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, increasing market hopes. Despite these positives, concerns about trade tensions loom, notably after President Trump's remarks about a potential embargo on Chinese cooking oil.
Source: YAHOO