US stocks trade higher ahead of Trump’s speech

US stocks trade higher ahead of Trump’s speech
 
New York:  US stocks traded higher on Tuesday as investors awaited President Donald Trump’s speech on trade and economy.

The Dow Jones Industrial Average rose 47.19 points, or 0.17 per cent, to 27,738.68. S&P 500 increased 12.09 points, or 0.39 per cent, to 3,099.10. The Nasdaq Composite Index went up 44.07 points, or 0.52 per cent, to 8,508.35, Xinhua reported.

Trump is scheduled to speak at noon at the Economic Club of New York. Investors are looking for clues to the progress of China-US trade talks.

US equities rallied to record highs recently, pushed up by trade optimism.

A majority of the 30 blue-chip stocks in the Dow traded higher with shares of Walt Disney and Merck & Co up 1.61 per cent and 1.45 per cent, respectively, being the top two gainers.

Nine of the 11 primary S&P 500 sectors traded higher with the health sector up 0.73 per cent, leading the gainers.