new York Encouraging signals surrounding the upcoming trade talks with China encourage investors to enter US equities. "There is an expectation that some sort of interim agreement will come out at this meeting," said Peter Cardillo, chief economist of wealth adviser Spartan.
The Dow Jones gained 0.7 percent to 26,346.01 points. The technology-heavy Nasdaq moved up 1.0 percent to 7,903.74 points and the broad S & P 500 gained 0.9 percent to 2,919.40 points.
Encouraging news from China fueled optimism, said Chris Scicluna, senior analyst at broker Daiwa. According to a media report, despite recent tensions, the government in Beijing remains open to partial agreement with the US. This helped chip values like AMD. Intel or Nvidia to gains of up to 1.5 percent, as their business depends heavily on trading with China.
At the request of the Börsianer came the publication of the Fed minutes. It emerged that there is disagreement in the leadership of the US Federal Reserve on the further interest rate. As evidenced by Wednesday's September Fed minutes, views on the economic outlook differ. Some monetary authorities therefore point to rising recession risks in the medium term. Others consider the risks associated with the trade dispute and other imponderables to be not so great as to stifle the recovery in the US. In mid-September, the Fed's Open Market Committee decided by seven votes to three to cut the key interest rate to between 1.75 and 2.0 percent.
Single values in focus
Sharp-moving corporate news was barely midweek. The shares of Dow tail light Johnson & Johnson According to US media reports, billions of dollars in fines fell by almost two percent. It was agreed that the pharmaceutical and consumer goods company must pay a plaintiff $ 8 billion in damages for a drug that allegedly let men grow their breasts. Johnson & Johnson described the verdict as "grossly inappropriate" and announced that it would challenge it.
The moderately firmer BoeingPaper was one of the weakest stocks in the US benchmark index. The negative news from the aircraft manufacturer is not abolishing: The day before, he had reported a sharp decline in aircraft deliveries because of the flight bans for the 737 Max series, and now made the emergency landing of a machine due to engine problems headlines. In addition, the US airline expects American Airlines this year no longer with a recommissioning of the 737 Max.
By contrast, the day before shattered titles of technology and semiconductor companies could recover: won in the Dow and Intel Cisco a good one and a half or almost one percent. The Nasdaq 100 was among others for Qualcomm. Nvidia and Texas Instruments by about two percent each uphill. On Tuesday, the industry had visibly suffered from the new American-Chinese tensions.
The euro shook off its recent weakness: in New York, the common currency was last paid $ 1.0973. Leading ten-year US Treasuries broadened their initial losses by dropping 15/32 points to 100 13/32 points, which in turn pushed yields up to 1.58%.
More: Follow here how the German stock market developed on Wednesday.
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