|
The
future for the S&P 500 was up 0.1%, while that for the Dow Jones
Industrial Average rose 0.1%.
Japan's benchmark briefly hit a record high as investors were
cheered by an overnight Wall Street rally driven by optimism
about the artificial-intelligence boom. Tokyo's Nikkei 225
surged 2.2% to finish at 58,583.12.
Shares also rose in China. Hong Kong’s Hang Seng gained 0.7% to
26,765.72, while the Shanghai Composite added 0.7% to 4,147.23.
South Korea's Kospi surged 1.9% to 6,083.86, as the benchmark
continued to benefit from the global demand for computer chips.
In Taiwan, the Taiex jumped 2.1% as shares in TSMC, the world's
largest contract manufacturer of computer chips, surged 2.5%.
Australia’s S&P/ASX 200 jumped 1.2% to 9,128.30.
In his speech, Trump focused on jobs, manufacturing and an
economy he says is stronger than many Americans believe. He
didn’t dwell on efforts to lower the cost of living — despite
polling showing that his handling of the economy and
kitchen-table issues has increasingly become a liability.
On Tuesday, before the speech, the S&P 500 climbed 0.8% and the
Dow industrials added 0.8%. The Nasdaq composite climbed 1%.
Investors are closely watching for an earnings report due later
in the day from chipmaking giant Nvidia. The quarterly report is
likely to sway a jittery stock market as investors weigh whether
the massive bets riding on technology’s latest craze will pay
off.
As has been the case since Nvidia’s chipsets emerged as AI’s
best building blocks, the expectations are sky high for the
results covering the company’s fiscal quarter, covering November
through January.
In other dealings early Wednesday, benchmark U.S. crude oil
added 40 cents to $66.03 a barrel. Brent crude, the
international standard, rose 42 cents to $71.00 a barrel.
The U.S. dollar recovered to 156.42 Japanese yen from 155.91
yen. The euro cost $1.1792, up from $1.1774.
All contents © copyright 2026 Associated Press. All rights reserved
|
|
