United States stocks add to gains on easing trade fears, Dow +2.0pc

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The Dow Jones Industrial Average posted a triple-digit decline on Wednesday as President Donald Trump worked to rally support for a possible military strike on Syria after an alleged gas attack, heightening tensions with Russian Federation.

Excluding food and energy prices, core consumer price index rose by 0.2 percent March, matching the increase seen in the previous month.

Facebook stock continued to rise Wednesday as CEO Mark Zuckerberg testified to Congress about the company's data privacy scandal. Futures for the Dow Jones Industrial Average jumped 180 points to 24,106.00, while the Standard & Poor's 500 index futures gained 16.05 points to 2,623.50.

In Asian markets, Japan's Nikkei Stock Average rose 0.51 percent, Hong Kong's Hang Seng Index climbed 1.29 percent, China's Shanghai Composite Index rose 0.23 percent and India's BSE Sensex rose 0.48 percent.

The so-called FANG stocks - Facebook Inc, Amazon.com, Netflix Inc and Alphabet Inc's Google - were up between 1 percent and 2.6 percent ahead of Facebook CEO Mark Zuckerberg's testimony before USA lawmakers on Tuesday and Wednesday.

The three major US indexes were all up more than a percent with all 30 Dow components in the positive territory.

"A touch of risk aversion crept into financial markets on Wednesday, as the sense of relief over easing U.S-China trade tensions was overshadowed by the rising geopolitical risk surrounding Syria", Lukman Otunuga, a research analyst at FXTM, said in an email.

Since at least the mid-1990s, the S&P SmallCap 600 Energy Index has risen much more than the oil price when oil has risen, and fallen much more than oil when oil has fallen. Big banks such as JPMorgan Chase, Citigroup and Wells Fargo will kick off the earnings season with their results on Friday. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by less than a basis point to 2.970 percent.

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Responding to comments from Verstappen's Red Bull team principal Christian Horner , who suggested the incident was one viewers wanted to see, Hamilton said: "It's interesting to hear from Christian".

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The team's numbers this year hover around 25 players. "North Dakota State is in the same boat, who we play this weekend", he said. On Friday night, the tournament held a moment of silence in honour of the Humboldt Broncos team.

Stocks are opening lower on Wall Street as the market gives back some of its gains from a day earlier.

US stocks are climbing in midday trading as technology companies, banks and industrial companies rally. The more tech-heavy Nasdaq 100 index slid 0.4%.

Wall Street has another thing to worry about: rising geopolitical tensions after President Trump warned of a USA strike on Syria.

Xi said China will widen market access for foreign investors, a point of contention for U.S. President Donald Trump's administration.

The Dow Jones industrial average lost 158 points, or 0.7 percent, to 24,247.

Advancing issues outnumbered decliners on the NYSE for a 5.99-to-1 ratio on the upside and on the Nasdaq for a 3.68-to-1 ratio favoring advancers.

The S&P 500 index showed six new 52-week highs and one new lows, while the Nasdaq recorded 36 new highs and 22 new lows.