On the ground in China: automation and higher wages
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- Shares were mixed in lackluster trading Wednesday. The Dow Jones industrials gained 0.6 percent — it climbed to its best closing level since late January. The S&P edged up 0.1 percent while the Nasdaq retreated 0.1 percent. Trading was choppy amid lingering concerns about the trade dispute between the US and China. With the widely anticipated tariff announcements in the past, traders were now focusing on next week's Federal Reserve meeting.
- US stocks, led by gains in consumer discretionary, technology and industrial stocks, rallied as investors shrugged off escalating trade rhetoric between the United States and China and rebounded from Monday’s selloff. The Dow Jones industrials were up 0.7 percent, the S&P gained 0.5 percent and the Nasdaq was 0.8 percent higher.