Reported 15 days ago
US stocks experienced a moderate increase on Wednesday, driven by robust bank earnings and optimism over potential interest rate cuts, despite ongoing US-China trade tensions. The S&P 500 rose by 0.4% and the Nasdaq by 0.7%, while the Dow remained almost unchanged. Positive earnings reports from major banks like Bank of America and Morgan Stanley contributed to market confidence, while concerns about trade sanctions and economic data delays continued to loom.
Source: YAHOO