The Wall Street market once again managed to maintain positive momentum on Wednesday, which was mostly influenced by the market's previous performance.
Weak US consumer confidence data published in the New York session yesterday did not seem to have a severe negative impact on Wall Street.
American stocks continued to be positive, following the performance of stocks on Tuesday with major indexes successfully recording gains with the Nasdaq rising 0.46%, the S&P 500 increasing 0.16% and followed by the Dow which managed to record an increase of 0.16%.
Shares from companies related to communication and financial services led the rise in the S&P 500 index.
GameStop shares 'rocketed' more than 8% after announcing to invest in Bitcoin.
In the meantime, investors remain cautious and study the impact of tariffs by President Donald Trump with a new round in early April.
Trump's tariffs have been making investors nervous lately, as the effects of the tariffs are likely to disrupt supply chains, increase costs for businesses, and potentially trigger retaliatory tariffs from other countries.
In addition, tariffs could reduce consumer demand due to higher prices, which in turn could weaken investor confidence.
