Wall Street wins on the hope of a trade truce, Powell's speech in the spotlight By Reuters

By Amy Caren Daniel

(Reuters) – US stocks on Wednesday won the hope of a trade truce between the United States and China at the upcoming G20 summit, while investors eagerly awaited the president's speech. the Fed, Jerome Powell, on the tracks of a rise in interest rates.

Although President Donald Trump was harsh before the next high-stakes meeting with Chinese President Xi Jinping, White House economic adviser Larry Kudlow hinted that the two countries could reach a trade deal.

Industrial stocks (), which suffered the consequences of the long-running trade war, rose by 0.16%, thanks to Boeing's 1.9% jump and caterpillar (NYSE 🙂 up 0.4%.

"Trade has been a problem for a long time and any reference to resolving the Sino-US trade dispute could accelerate global growth," said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh.

Meanwhile, Fed Chairman Powell will speak on the Federal Reserve's "Financial Stability Monitoring Framework" before the Economic Club of New York's lunchtime luncheon. AND.

Trump criticized Powell for his interest rate hikes and other Fed policies. His speech will be badyzed for signs of rate hikes next year, especially after Fed officials warned of global growth prospects and markets have experienced volatile volatility. about two months.

"There is a lot of talk about the fact that the Federal Reserve could reduce the amount of expected rate hikes in the future, and possibly sell part of their balance sheet, which helps the markets," he said. Forrest.

At 10:07 EDT, the Dow Jones Industrial Average () was up 147.53 points, or 147.53 points, or 0.60%, that of the S & P 500 () index. 9.80 points, or 0.37%, and 43.57%. points, or 0.62 percent, at 7,126.27.

Nine of the top 11 sectors of S & P were up, with the technology sector () gaining 0.96% leading the gains.

The highly valued group was helped by the robust Quarterly Earnings Report of Salesforce.com Inc. (N :), a rise in chip stocks, the "FAANG" group and shares of Chinese companies listed in the United States.

Salesforce (N 🙂 jumped 4.9% and led the gains in the S & P 500 benchmark.

Tiffany & Co (N 🙂 plunged 9.6% after quarterly high-end jeweler store sales missed estimates.

Increasing issues outnumbered decliers with a ratio of 1.35 to 1 on the NYSE and 1.58 for one on the Nasdaq.

The S & P index posted six new highs over 52 weeks and two new lows, while the Nasdaq recorded 11 new highs and 55 new lows.