"U.S. Stocks" Bank performance is good, offsetting trade war concerns; Nasdaq rises about 1%, NVIDIA and Tesla rebound

AASTOCKS
2025.10.15 13:55

Multiple companies reported earnings that exceeded expectations, alleviating market concerns over rising tensions in China-U.S. trade, leading to a rise in U.S. stocks on Wednesday. The Dow Jones Industrial Average rose by 209 points or 0.5%; the S&P 500 index increased by 0.7%; and the Nasdaq Composite Index climbed nearly 1%.

Bank of America (BAC.US) saw its stock price rise by 4%, benefiting from strong investment banking performance, with the bank's third-quarter earnings and revenue both surpassing analyst expectations. Morgan Stanley (MS.US) also reported strong results, with its stock price increasing by 6%. Goldman Sachs (GS.US) and Wells Fargo (WFC.US) also announced better-than-expected earnings on Tuesday.

Recently, tensions in China-U.S. trade have escalated again, with U.S. President Trump threatening to impose a ban on the export of cooking oil to China in retaliation for Beijing's failure to purchase U.S. soybeans. Major tech stocks that had fallen on Tuesday rebounded, with NVIDIA (NVDA.US) and Tesla (TSLA.US) both rising over 1%

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