US stocks rose to more records Wednesday following a trade deal between the world’s No. 1 and No. 4 economies. The S&P 500 rose 49.29 points, or 0.8%, to 6,358.9,.
US stocks rose to more records Wednesday following a trade deal between the world’s No. 1 and No. 4 economies.
Most of the stocks on Wall Street rose, including a 14.6% jump for GE Vernova’s stock. The energy company not only delivered a stronger profit than analysts expected, it also raised its forecasts for revenue from its power and electrification businesses. GE Vernova said that the inflation it’s expecting to see as a result of tariffs may be trending toward the lower end of $300 million to $400 million. Lamb Weston rallied 16.3% after the supplier of French fries and other potato products delivered better results for the latest quarter than analysts expected and said it expects customers will continue to eat fries even with an uncertain economy.
