U.S. stocks traded higher midday Wednesday, as investors eyed a continuing rotation from defensive and momentum-driven stocks to cyclical and value-oriented ones, and awaited further clarity on central bank stimulus plans and international trade negotiations.
The Dow Jones Industrial Average rose 109 points, or 0.4%, to 27,019, while the S&P 500 index advanced 14 points, or 0.5%, at 2,994. The Nasdaq Composite index gained 71 points, or 0.9%, to 8,155.
The Dow saw its fifth straight gain Tuesday, rising 73.92 points, or 0.3%, to end at 26,909.43 — marking its longest winning streak since a six-day run that ended on June 10. The S&P 500 eked out a gain of 0.96 point to end at 2,979.39, while the Nasdaq shed 3.28 points, or less than 0.1%, to close at 8,084.16.
Source : Market Watch