Reported 16 days ago
US stocks rose on Wednesday as investors responded positively to strong bank earnings while remaining cautious about ongoing US-China trade tensions. The S&P 500 gained 0.4% and the Nasdaq increased by 0.7%, despite earlier session gains fading. Bank of America and Morgan Stanley reported significant profit increases, fostering optimism for future interest rate cuts, especially as the Federal Reserve hinted at easing risks to employment. However, market uncertainty persisted due to comments from President Trump about potential sanctions against China, heightening trade concerns.
Source: YAHOO