Dow surges 346 points as trade worries ease

Stocks rallied Wednesday with the Dow Jones Industrial Average posting a triple-digit gain, boosted by gains in the industrial and financial sectors.

The Dow added 346.41 points, or 1.4%, to 25,146.39. The S&P 500 rose 23.55 points, or 0.86%, to 2,772.35. The Nasdaq Composite climbed to another record high, gaining 51.38 points, or 0.67%, to 7,689.24.

Industrial names were climbing as investors shrugged off mixed reports on trade ahead of the G7 meeting, while financials were boosted by the 10-year Treasury yield approaching a two-week high.

Ticker	Security	Last	Change	Change %
JPM	JPMORGAN CHASE & CO.	191.66	-0.20	-0.10%
CAT	CATERPILLAR INC.	335.44	+4.37	+1.32%
BA	THE BOEING CO.	178.85	+7.39	+4.31%

The yield increased in anticipation that the Federal Reserve will hike rates when it meets next week.

Ticker	Security	Last	Change	Change %
SP500	S&P 500	5064.2	+45.81	+0.91%
I:DJI	DOW JONES AVERAGES	38225.66	+322.37	+0.85%
I:COMP	NASDAQ COMPOSITE INDEX	15840.958321	+235.48	+1.51%

On Wednesday, both the Nasdaq and the Russell 2000 touched all-time highs while the Dow climbed back above 25,000. Dow components Microsoft, Visa and Nike touched record highs.

Economic data released Wednesday included the April trade deficit, which fell to a 7-month low as exports set a record. First-quarter productivity was revised to a 0.4% annual pace compared to the 0.7% originally reported.

Oil futures fell 1.2% to $64.73 a barrel, while gold futures were little changed.