In the runup of President Donald Trump's speech in Missouri on tax reform on Wednesday, equities in the United States brushed off geopolitical tension and rose on the back of a surprise revision higher to the economic growth figures for the second quarter. The improvement was underpinned with personal and government spending as well as exports. On top of that, ADP measured a strong pickup in employment.
The gains in the market were dominated by the technology sector. The Dow Jones Industrials edged 0.16% up at 8:28 pm CET, led by gains in Cisco and Goldman Sachs of 1.75% and 1.65%, respectively. The third-best stock in the oldest index was Microsoft, jumping 1.42%. The S&P 500 added 0.53%, with Incyte topping the chart at 9.52% in the green, followed by Gilead, 6.01% higher. The Nasdaq 100 surged 1.28%, where BioMarin increased 6.28%.
The euro was 0.7% down at $1.18876 at 8:39 pm CET, while the pound was flat, buying $1.292.
