Wall Street celebrated a bullish trading session Wednesday as investor confidence in global trade developments and upcoming tech earnings propelled major indices to historic levels. The Dow Jones Industrial Average soared 1.14% to 45,010.29, nearing its all-time peak, while the S&P 500 set a new record at 6,358.91. The Nasdaq Composite broke through the 21,000 barrier for the first time, closing at 21,020.02.
Market momentum spread across sectors, with healthcare and industrial stocks leading gains at 2.03% and 1.75% respectively. The rally followed news of a revised US-Japan trade agreement, which reduced automotive tariffs to 15% and secured $550 billion in Japanese investment commitments to US infrastructure projects.
Automotive stocks revved up significantly, with US-listed shares of Toyota and Honda accelerating over 13%. Detroit manufacturers joined the upswing, as Stellantis climbed 11.54% and General Motors rose 8.67%.
Tech giants largely maintained upward trajectories ahead of earnings reports, with Nvidia gaining 2% and Microsoft/Amazon seeing modest increases. Market watchers now turn their attention to upcoming financial disclosures from major Silicon Valley firms, seen as critical for sustaining the current momentum.
