Stocks Touch Record as Trade Deal Boosts Sentiment: Markets Wrap
An MSCI gauge of global shares set a new peak after the S&P 500 rose 0.5% to a new high Wednesday. The Nasdaq 100 gained 0.7% as tech outperformed. News of a trade deal supported apparel stocks including Nike Inc. amid hopes the latest accord will avert a potential supply-chain catastrophe. Tesla Inc. jumped 5% as a drop in sales was seen as better than feared.
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