U.S. stocks rose to more records following a trade deal between the world’s No. 1 and No. 4 economies.
The S&P 500 climbed 0.8 percent Wednesday, setting another all-time high. The Dow Jones Industrial Average added 1.1 percent, and the Nasdaq composite gained 0.6 percent, also hitting a record.
Stocks rallied even more in Tokyo after President Donald Trump announced a deal that would place a 15 percent tax on imports from Japan. That’s lower than the 25 percent rate Trump had earlier threatened.
Big U.S. companies continued to offer updates about how Trump’s tariffs are affecting them.
On Wednesday:
The S&P 500 rose 49.29 points, or 0.8 percent, to 6,358.91.
The Dow Jones Industrial Average rose 507.85 points, or 1.1 percent, to 45,010.29.
The Nasdaq composite rose 127.33 points, or 0.6 percent, to 21,020.02.
The Russell 2000 index of smaller companies rose 34.37 points, or 1.5 percent, to 2,283.13.
For the week:
The S&P 500 is up 62.12 points, or 1 percent.
The Dow is up 668.10 points, or 1.5 percent.
The Nasdaq is up 124.36 points, or 0.6 percent.
The Russell 2000 is up 43.12 points, or 1.9 percent.
For the year:
The S&P 500 is up 477.28 points, or 8.1 percent.
The Dow is up 2,466.07 points, or 5.8 percent.
The Nasdaq is up 1,709.22 points, or 8.9 percent.
The Russell 2000 is up 52.97 points, or 2.4 percent.
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