The US stock market reaches a new record

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The US stock market reaches a new record
Photo: Seth Wenig/AP/TT

Broad S&P500 index rose 0.2 percent to a new record level, while the Dow Jones industrial index traded sideways and the technology-heavy Nasdaq composite index rose 0.1 percent.

The S&P500 index pushed a few points above the record level noted in January, despite concerns that US President Donald Trump could trigger a trade war that would hit corporate profits.

Investors, however, seem to be taking the risk with increasing calm, hoping that the president's threats are only part of a larger negotiating game with the US's trading partners, and that any American measures will prove to be less painful for the markets and the economy than feared.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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