The attack unfolded against the backdrop of the
Hewlett Packard Enterprise rose 0.8% after delivering a stronger profit for the latest quarter than analysts expected.CrowdStrike, the cybersecurity company that Delta Air Lines has
last summer, fell 5.8% despite reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell just short of Wall Street’s target, as did its forecast for revenue in the current quarter.All told, the S&P 500 added 0.44 to 5,970.81 points. The Dow Jones Industrial Average fell 91.90 to 42,427.74, and the Nasdaq composite added 61.53 to 19,460.49.In stock markets abroad, indexes rose across much of Europe and Asia as the wait continued for more updates on trade talks that could convince Trump to lower his tariffs. Hopes for such deals have been a big reason U.S. stocks have roared back after falling roughly 20% below their record two months ago.
But nothing is assured, and Trump early Wednesday said of China’s leader Xi Jinping, “I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!”The European Union’s top trade negotiator, Maroš Šefčovič,
, U.S. Trade Representative Jamieson Greer, on the sidelines of a meeting of the Organisation for Economic Cooperation and Development.
In the bond market, the yield on the 10-year Treasury fell to 4.35% from 4.46% late Tuesday. The two-year Treasury yield, which more closely tracks traders’ expectations for what the Fed will do with overnight interest rates, eased to 3.86% from 3.96%.“It’s very much a change,” said North Dakota Sen. Kevin Cramer. Thune has “already made a lot of people happier by the listening part,” he said.
One happier senator is Florida Sen. Rick Scott, who sparred openly with McConnell and ran against Thune to replace him. Scott, who criticizes the bill as not doing enough to cut federal spending, has also met with the new leader.“I’d be very surprised if anybody doesn’t believe he’s receptive to their ideas,” Scott said of Thune. And when people feel heard, Scott said, “there’s a greater chance they will go along with something.”
Thune has also carefully navigated his relationship with the president, after sharply criticizing Trump in 2020 for trying to overturn his election defeat.Trump declined to endorse Thune’s reelection bid two years later. Thune endorsed South Carolina Sen.