© Reuters. Traders are on the floor at the NYSE in New York
Amy Caren Daniel and Sruthi Shankar
(Reuters) – American stocks have traded higher on Wednesday following a report that President Donald Trump may delay decisions on " 39 car charging, offering a respite in markets that are worried about slowing global growth after a bunch of weak economic data.
The deadline for making tariff decisions is May 1
Meanwhile, Finance Minister Stephen Mnuchin said he would likely go to Beijing to continue trade talks with China. 19659004] "We received some support from Mnuchin's comments, and then auto tariffs, which were a positive development, because there was fear that tariffs would extend to imports of cars," said Paul Brigandi, Portfolio Managing Director at Direxion Funds in New York . 19659004] "Until June this year, when the G20 will be held, if we do not resolve something, we have a period of high volatility."
Shares were pressed at the beginning of the day after the US retail sales fell unexpectedly in April, as households reduced volumes of motor vehicle purchases and a number of other goods, indicating moderate economic activity.
Concerns about slowing down of growth rates were supported by the fall of industrial production last month. 19659004] Weak data fell on US Treasury revenues, and bank stocks sensitive to interest rates declined by 1.01%. The broader financial sector fell by 0.56%, the largest among 11 major S & P sectors.
Concerns that a trade conflict can be prolonged and could affect the world economy has kept investors on the forefront over the past few days. The S & P index is now 3.9% below its record high level achieved two weeks ago.
At 11:09 am ET grew by 40.71 points, or by 0.16%, to 25,572.76, increased by 7.76 points, or 0.27%, to 2,842.17 and increased by 50, 19 points, or 0.65%, to 7 784.69.
Technology stocks jumped by 0.7%, which was the biggest stimulus for markets. More than a 2% increase in stocks Facebook Inc (NASDAQ 🙂 and Alphabet (NASDAQ 🙂 Inc has dropped the index of services by 1.3%, which is the largest of 11 major S & P sectors.
Agilent Technologies (stocks NYSE 🙂 fell 9.9%, most notably on S & P 500, after the manufacturer of medical equipment reported quarterly results below the estimates.
Perigo Plc fell by 1.5% because Jefferies has lowered the price target for a generic drug after the company's recent transition to a devaluation of its pet care business
Progress in circulation exceeded the number of resellers by a ratio of 1, 18 to 1 on the NYSE and a ratio of 1.06 to 1 at Nasdaq.
The S & P index fixed 12 new highs of 52 weeks and 10 new minima, and Nasdaq recorded 46 new highs and 49 new minima.