U.S. equities jumped dramatically Wednesday, as investors and traders began to see the benefits of President Trump’s recent trade accords. Following the trade agreement reached with the Philippines earlier this week, Trump announced on Wednesday what he called a “massive” trade deal with Japan.
So far, the tariff strategy Trump is pursuing appears to be very inspired, generating serious income, resulting in major investments in the United States to avoid the tariffs, and has yet to cause the disruptions and inflation that the naysayers predicted,” Louis Navellier, founder and chief investment officer at Navellier & Associates, told CNBC on Wednesday. “The stock market demonstrates no fear of adverse outcomes.
The Dow Jones Industrial Average rose more than 500 points on Wednesday as strong corporate earnings and lower inflation concerns boosted investor sentiment. The Standard & Poor’s 500 and Nasdaq Composite also showed strong advances.
The Dow Jones Industrial Average (DJI) rose 507.85 points, or 1.14 percent, to settle at 45,010.29, its biggest day in three weeks. Increases in banking and industrial firms boosted the blue-chip index.
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