Wall Street closes higher on N. Korea concerns

Markets 5/16/2018, 10:01 PM
Wall Street closes higher on N. Korea concerns

United States markets closed in the green on Wednesday, as the faith of the planned US-North Korea summit remains uncertain. Earlier, US President Donald Trump told reporters at the White House that he will insist on denuclearization. In the meantime, platinum tumbled to year-to-date low, while spot gold slightly rebounded after reaching a year-to-date low. On the business front, it was reported that the current chief financial officer of 21st Century Fox Lachlan Murdoch would become the new chief executive and chairman of the company once its deal with Disney goes through.

The Dow Jones Industrial Average was up 0.26% at the closing bell, with Nike, Inc. and General Electric leading the gains, rising 2.67% and 2.14%, respectively. The Nasdaq 100 ended the trading day 0.60% in the green. Western Digital, Micron and Baidu increased 4.87%, 4.61% and 4.47%, respectively. Meanwhile, the S&P 500 finished the session 0.41% higher. Macy's continued to soar, to end the day 10.83% higher, followed by Under Armour, which rose 8.69%.

The euro lost 0.24% against the US dollar to go for 1.1809 at 10:22 pm CET.

Breaking the News / BM

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