Photo: AP Photo/Seth Wenig, File
FILE – An NYSE sign is displayed on the floor at the New York Stock Exchange in New York, Thursday, Jan. 2, 2025.
U.S. stocks are leaping Wednesday as a worldwide rally comes back around to Wall Street following updates from President Donald Trump about his plans for the Federal Reserve and his trade war that investors found encouraging.
The S&P 500 was 2.7% higher in morning trading, coming off a big gain Tuesday that more than made up for its steep loss on Monday. The Dow Jones Industrial Average was up 877 points, or 2.2%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 3.5% higher.
Wall Street’s gains followed strong moves higher for stocks across much of Europe and Asia….
