(Reuters) .- The S&P 500 closed on Wednesday in a historical record promoted by Nvidia and Ge Vernova, while the European Union and the United States seemed to be aimed at a commercial agreement similar to that which US President Donald Trump reached with Japan.
The White House Agreement with the European Union would include a wide 15% tariff to the assets of the block imported to the United States, two diplomats said. The rate, which could also be extended to cars, would be a reflection of the framework agreement that the United States reached with Japan.
The S&P 500 reference index has risen about 8% in 2025.
Lee: The commercial agreement between the US and Japan avoids the worst for the world economy
“The fundamental thing is that markets are confident that the White House will continue working in these commercial agreements,” said Larry Tentarelli, Blue Chip Daily Chip Trend Report.
Ge Vernova’s actions reached a historical maximum after the energy equipment manufacturer raised its income and free cash flow forecasts and exceeded Wall Street estimates for the benefit of the second quarter.
Ge Vernova has won more than 80% so far from 2025, with energy consumption on the way to reach historical maximum due to the growing demand of artificial intelligence and cryptocurrency data centers.
The NVIDIA chips manufacturer rose and promoted the profits of the S&P 500 and the Nasdaq.
According to preliminary data, the S&P 500 won 0.80%, to 6,359.91 points, while Nasdaq Composite won 0.61% to 21,023.67 and Dow Jones industrial average rose 1.15% to 45,013.79.
Inspy, discover and share. Follow us and find what you are looking for on our Instagram!
