FX.co ★ US Stocks Gain

On Wednesday, the S&P 500 increased by 0.5%, the Nasdaq rose by 0.7%, and the Dow Jones climbed nearly 200 points as traders maintained their attention on trade announcements. President Trump indicated that new updates would be provided today. He also mentioned his intention to impose a 50% tariff on copper imports and threatened tariffs of up to 200% on pharmaceutical imports, although he noted that these measures would be deferred for 12 to 18 months to allow the industry time to adapt. Meanwhile, traders are anticipating the release of the FOMC minutes for additional insights into the Federal Reserve’s timeline for reducing interest rates. The market continues to anticipate two 25 basis point reductions before the year's end. The technology sector led the day's gains, while consumer staples and energy sectors lagged. Among the tech giants, Nvidia saw a rise of 2.2%, and Microsoft increased by 1.2%. In contrast, Apple shares showed little change after White House trade adviser Peter Navarro told Fox Business that the iPhone manufacturer believes it is "too big to tariff."