The US stock market reaches a new record

The leading stock indexes in New York began the week's first trading day with movements slightly upwards and around zero after the first meeting between the USA and Russia about the war in Ukraine.

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

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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 TTEnglish edition by Sweden Herald, adapted for local and international readers

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