The main US stock indexes finished trading in positive territory, which was due to the easing of trade tensions between the United States and China.
On the eve of US Treasury Secretary Mnuchin said that following the results of the negotiations, Washington and Beijing put the trade war "on a pause." According to the agreements reached, the parties agreed to suspend the increase in duties while working on a broad trade agreement, within which China will increase the import of energy resources and agricultural products from the US to reduce the annual deficit in trade with the US, which now exceeds $ 300 billion.
Investors also drew attention to data on the US and comments of the president of the Federal Reserve Bank of Bost. As it became known, the index of economic activity from the Federal Reserve Bank of Chicago in April was +0.34, which is slightly higher than +0.32 in March and better than the forecasted level of +0.14. The three-month moving average or CFNAI-MA3 increased to +0.46 in April from +0.23 in March.
Meanwhile, Bostic said that the Fed is close to achieving its goals regarding employment and inflation. "I believe that the economy is on the right track," Bostik said. - The labor market has reached or approached the level of maximum employment, while inflation returns to the target 2% on a sustainable basis. "
Almost all components of DOW have finished trading in positive territory (27 out of 30). The leader of growth was the shares of The Boeing Company (BA, + 3.44%). Outsider were the shares of Merck & Co., Inc. (MRK, -1.00%).
Almost all sectors of S & P recorded a rise. The industrial goods sector grew most (+ 1.4%). Decrease showed only the health sector (-0.1%).
At closing:
Dow 25.013.36 +298.27 +1.21%
S&P 500 2,733.01 +20.04 +0.74%
Nasdaq 100 7,394.04 +39.70 +0.54%