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Dow rises 160 points, hits record as Wall Street awaits signing of US-China phase one trade deal


Wednesday, 15 January 2020 23:47 WIB

Saham AS


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Stocks rose on Wednesday ahead of the U.S. and China signing a so-called phase one trade deal while the corporate earnings season picked up steam.

The Dow Jones Industrial Average traded 160 points higher, or 0.6% to reach an all-time high. The S&P 500 gained 0.4% and also hit a record, while the Nasdaq Composite advanced 0.5%.

Also helping sentiment Wednesday morning were comments from White House economic advisor Larry Kudlow, who said the Trump administration would unveil more tax cuts later this year. 

Source: CNBC


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