US stocks surged on early Wednesday as markets weighed the latest commentary on US-China trade tensions and strong bank earnings.
US Treasury Secretary Scott Bessent said he was “optimistic” about the state of play with Beijing after some ups and downs in recent days, adding that talks are “at a very high level.”
At the open, the Dow Jones Industrial Average rose 104.7 points, or 0.23%, to 46,375.17. The S&P 500 rose 44.0 points, or 0.66%, to 6,688.27, while the Nasdaq Composite rose 216.8 points, or 0.96%, to 22,738.496.
Bank of America rose 4 per cent and Morgan Stanley jumped 7 per cent after their third quarter results.
