The stock exchanges in New York started trading with gains on Wednesday. Investor sentiment is supported by hopeful signals about the negotiations between the United States and China about the ending of the trade war. There were also some macroeconomic figures, including the US job growth.
Shortly after the opening bell, the Dow-Jones index recorded 0.2 percent higher at 26,225 points. The broad S&P 500 won 0.4 percent to 2877 points and the Nasdaq tech fair rose 0.5 percent to 7,891 points.
According to sources, a trade deal between the US and China seems to be in the making at the negotiating tables. If conversations on Wednesday between Chinese Deputy Prime Minister Liu He on the one hand and US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin on the other go well, a definitive agreement may possibly be signed this month.
Investors also processed disappointing figures about employment in the US. With 129,000 new jobs, March was the weakest month in terms of job growth in a year and a half, according to payroll processor ADP. There were, however, positive figures from China and Europe, which further reduced the fear of declining growth in the world economy.
Among the companies, Boeing (minus 0.4 percent) is again in the spotlight. The Wall Street Journal wrote that the pilots of the disaster device in Ethiopia had to deal with software that pushed the nose of the device several times during the fatal flight. The safety instructions from Boeing offered no relief.