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.	212.33	+3.63	+1.74%
CAT	CATERPILLAR INC.	350.48	+6.18	+1.79%
BA	THE BOEING CO.	186.89	+2.54	+1.38%

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	5459.1	+59.88	+1.11%
I:DJI	DOW JONES AVERAGES	40589.34	+654.27	+1.64%
I:COMP	NASDAQ COMPOSITE INDEX	17357.881578	+176.16	+1.03%

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.