US stocks closed higher Wednesday in a rally that has investors buzzing. The Dow Jones climbed 507.85 points to reach 45,010.29, narrowly missing a record close, while the S&P 500 gained 0.78% for a new record finish at 6,358.91. In a historic twist, the Nasdaq closed above 21,000 for the very first time, advancing 127.33 points (0.61%).
What’s fueling this surge? Investor optimism over a promising US-Japan trade pact and growing anticipation for major tech earnings. US President Donald Trump announced details of the pact, which introduced a 15% tariff on imports from Japan—well below the previously threatened 25%—and includes $550 billion of Japanese investment in the United States. This news sent shockwaves across the market! 🚀
Automakers powered ahead as US-listed shares of Toyota and Honda jumped over 13%, while Detroit-based companies like Stellantis and General Motors also enjoyed significant gains. In the tech arena, Tesla edged higher, Alphabet experienced a slight slip, and mega-cap names like Nvidia, Meta Platforms, and Broadcom posted encouraging rises. Even though Microsoft and Amazon saw modest gains and Apple dipped a bit, the overall vibe remains upbeat.
With nine out of 11 S&P 500 sectors showing strength—especially health care and industrials—the market mood is vibrant and dynamic. It's shaping up to be an exciting time for investors and anyone following the pulse of global finance! 📈
Reference(s):
US stocks close higher amid investor optimism for major tech earnings
cgtn.com
