Thursday, August 11, 2022

U.S Stocks upsurge as trade talks closed on positive note


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at

U.S. Stocks on Wednesday closed higher on trade confidence as the US-China trade talks ended with positive note.Federal officials said that the government shutdown has lesser effects of wall street trade.

The Dow Jones Industrial Average DJIA, +0.39% closed up around 91 points, or 0.4%, at 23.878.

The S&P 500 SPX, +0.41% ended up 0.4% to 2,585.

The Nasdaq Composite Index COMP, 0,87% closed up 0.9% to 6.957.

Investors also kept an eye on the Federal Reserve after a raft of speeches from senior Fed officials and minutes from the December meeting all highlighted the central bank’s shift to a more patient approach in 2019.

In corporate news, shares of Chesapeake Energy Corp. CHK, pushed higher +12.65% almost 12% after the energy firm’s fourth-quarter production outlook beyond expectations.

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