US Stock Market Sees Broad
Photo: Richard Drew/AP/TT

US Stock Market Sees Broad Gains Amid EU Trade Talks

The prices on the New York stock exchange rose across the board after the announcement the day before that it wants to accelerate the customs talks with the EU to avoid a trade war.

The broad S&P index rose 2.1 percent, the Dow Jones industrial index went up 1.8 percent and the technology-heavy Nasdaq composite index rose 2.5 percent.

The index-heavy chip giant Nvidia, which presents its quarterly report on Wednesday, was among the winners – up 3.2 percent. The company is one of the "magnificent seven", which now, due to its size, dominates the movements on the stock market.

But the rise was broad: approximately 90 percent of the shares in S&P closed on the plus side.

One exception was the auto parts retailer Autozone. The share fell 3.4 percent following a mixed quarterly report.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All