Markets Waver Amid Mixed Earnings and Tariff Talks
Wall Street indexes mainly rose due to positive corporate earnings and yields, though European shares ended flat. President Trump's executive order on tariffs and potential sanctions on Russia stirred uncertainty. Oil prices fluctuated amidst these geopolitical tensions.
In a day marked by fluctuating fortunes on the stock market, Wall Street indexes showed gains on Wednesday, driven by broadly positive corporate earnings despite mixed reactions.
U.S. President Donald Trump's announcement of an additional 25% tariff on Indian imports, citing Russian oil trade, added layers of complexity to the global economic landscape.
Wall Street's Nasdaq Composite saw a notable rise of 1.21%, buoyed by Apple's domestic manufacturing announcement. Meanwhile, European and Asian markets exhibited varied performances amidst ongoing economic concerns.
(With inputs from agencies.)
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