Stocks on Wall Street extended premarket gains on Wednesday after an unconfirmed news report that China is still open to a "partial trade deal" with the United States in spite of the latest measures against its companies. Furthermore, unnamed insiders claimed the representatives of the government in China would offer to boost purchases of US agricultural products. Equities in New York fell yesterday as trade tensions between the world's two biggest economies escalated and the latest actions by the decision makers in Washington.
The Dow Jones Industrial Average climbed 0.68% or nearly 200 points. Earlier it briefly surged over 250 points. The Nasdaq 100 index jumped 0.92% while the S&P 500 was 0.73% in the green before the bell.
The euro was 0.24% higher against the dollar at 6:15 am ET, trading for 1.09828 while the pound was flat, selling for 1.22202.
