Dow Rises With U.S.-China Tension in Focus
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US Stocks Slip
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Gold futures hit $4,200 an ounce for the first time Wednesday, rising 1.2% in recent trading to $4,215. West Texas Intermediate crude oil futures ticked higher to $58.75 a barrel. Bitcoin was at roughly $112,700, little changed on the day.
Follow all the latest U.S. market action for Wednesday here as stocks look to recover their poise after some trade-talk volatility and earnings season continues apace.
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Stock Market Today: Dow Fades As Nasdaq Plunges As Trump Threatens 'Retribution' On China; Nvidia Partner Vaults 30% (Live Coverage)
The Dow reverses higher after a speech from Fed Chair Jerome Powell helped the market set aside worries over U.S.-China tensions
Most U.S. stocks rose following another topsy-turvy day on Wall Street. The S&P 500 added 0.4% Wednesday, but only after jumping toward one of its biggest gains since the summer, erasing it all and then climbing back.
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US Stock Market Today: S&P 500, Dow Jones Slip As China Vows To Counter Trump's Tariff Moves
Trade tensions have been rising since last week after US President Donald Trump threatened to slap additional 100% tariffs on Chinese imports.
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Stock Market Today: Dow Powers Nearly 600 Points; Silver, Gold Names Glimmer (Live Coverage)
The Dow climbed 1.3%, or around 600 points, retaking its 50-day moving average and reclaiming the 46,000 level. The S&P 500 recouped 1.5%. The Nasdaq composite showed its dominance over the other major indexes and advanced 2.2%.