Wednesday brought a welcome relief rally for the Dow Jones, which surged more than 200 points as risk assets rallied around the globe.

Tensions eased in Hong Kong, Brexit no-deal risks fell, and President Donald Trump confirmed that the US was not looking for regime change in Iran.

Adding to the bullish mood, new data revealed that the US-China trade balance is on track to shrink to a six-year low.

Dow Jones Recovers as Investors Celebrate Easing Tensions

Heading toward the closing bell, the Dow Jones Industrial Average had rallied 217.10 points or 0.83% to 26,335.12.

dow jones industrial average chart
The Dow Jones rose strongly on Wednesday amid a global risk-on rally. | Source: Yahoo Finance

The Nasdaq and S&P 500 both rose alongside the Dow. The tech-heavy Nasdaq gained 1.17% to trade at 7,966.29, while the S&P 500’s 0.98% jump carried the large-cap index to 2,934.74.

Crude oil – a tremendous indicator for the global growth outlook – surged 4% in risk-on trading conditions.

Trump Triumphant? US-China Trade Deficit Narrows

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Author: Francois Aure

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