Big Tech Powers Stocks Higher as Traders Look Past Tariff Chaos
Traders work on the floor of the New York Stock Exchange.
Photographer: Spencer Platt/Getty ImagesUS equities closed higher Wednesday on the back of mega-cap technology names, even as traders continued to parse the constant stream of tariff news.
The S&P 500 Index gained 0.6%, with eight of the 11 sectors in green, and advances led by utilities and information technology. The Nasdaq 100 climbed 0.7%, and the Dow Jones Industrial Average advanced 0.5%. The Dow is just whiskers away from touching an all-time high, for the first time since early December.