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The markets did not change much Wednesday, ending the day they started. The S&P 500 was practically flat increasing less than 0.1%, the Dowry It ended the day by 0.2% and Nasdaq increased by 0.5% to close the market.
The negotiation session of the day saw several peaks and troughs in the different indices. At a mid-afternoon, the S&P 500 fell 0.4% from Wednesday Open, before recovering. The Dow was about 200 points. And the Nasdaq swallowed throughout the day, but spent most of the session above the Open.
Relatively quiet negotiation day came after the United States and China agreed to lower mutual rates for the next 90 days. This pause gave the investors that the two superpowers ultimately found an agreement that could restore global trade to some resemblance to normal. At the very least, they expect some future agreement to provide long -term clarity about what would happen or would not happen in the world economy. The truce between the United States and China soaked the worst fears of investors that a recession is imminent.
“The decay of tensions with China presents modest risks for our growth forecast, but most importantly, it significantly reduces the risks of recession and a stronger deterioration in the labor market,” German bank Economists in a note by analyst published on Wednesday.
All North -American actions appeared at the beginning of the week after the break between China Usand was announced on Sunday afternoon. Significantly, this week’s performance has included the S&P 500 in a positive territory during the year with a return of 0.4% since January 1. Dow and Nasdaq remain around 0.8% and 0.9% during the year respectively.
A couple of individual semiconductor stocks in Nvidia and AMD were lifted throughout the day at the back of their own favorable geopolitical news. Nvidia and AMD announced both you deal With the company of Saudi Arabic Arab, Humain during the state visit of President Donald Trump throughout the Gulf. Humain came to a Treating with nvidia This will see that he acquires 18,000 of his state -of -the -art Blackwell chips. At the same time, AMD, designs chips, announced a Association of $ 10 billion With Humain. Both stocks increased by 4% a day.
Wednesday also saw the Debut on the market From the Israeli trade application Etoro, who had a stellar first day in the Nasdaq. Company shares increased more than 40%. The introduction of Etoro to the public markets was a bit guarded by investors as a sign of what could be in the IPO market store this year. The IPO market has been quiet since 2021, a phenomenon that was not helped by the market of the market this spring.
This story originally presented to Fortune.com