(Reuters) – The New York Stock Exchange opened on Wednesday, investors who were relieved by the latest announcements by US President Donald Trump.
In the first exchanges, the Dow Jones index earns 745.13 points, or 1.90%, at 39,932.11 points and the Standard & Poor’s 500, wider, increased from 2.48% to 5,418.91 points.
The Nasdaq Composite takes 3.48%, or 566.50 points, at 16,866.92 points.
On Tuesday, Donald Trump said he did not intend to dismiss the president of the American Federal Reserve (Fed). In addition, the American president has been optimistic about the possibility that a trade agreement with China is “considerably” reduces customs duties.
“Although it is still early, the market trend is obviously changing and the feeling of ‘Sell America’ which reigned yesterday in the markets was partly reversed,” according to Chris Weston, research manager at Peppperstone.
Another source of satisfaction on the markets today, the director general of Tesla, X and Spacex, Elon Musk, told analysts that he would considerably reduce his work within the DOGE (Department of Government Effectiveness) to focus on the management of his own companies.
Investors still closely follow the quarterly results of companies this week, seeking information or comments giving first indications on the consequences of Trump’s trade policy.
At the values, Tesla earns 5.02%.
Boeing takes 7.89% after its results in the first quarter.
Boston Scientific advances 6.91% after revising its annual profit forecasts.
(Written by Mara Vîlcu, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
