The U.S. stocks closed higher on Wednesday

Stocks closed higher on Wall Street as the Trump administration sought to win more deals with global trading partners. The S&P 500 rose 0.6% Wednesday. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 0.9%.

Nvidia became the first public company to top $4 trillion in value.

Copper prices eased after spiking a day earlier as President Donald Trump said he would impose 50% tariffs on imports of the metal.

Merck rose after announcing it would buy Verona Pharma, a U.K. company that focuses on respiratory diseases.

The S&P 500 rose 37.74 points, or 0.6%, to 6,263.26.

The Dow Jones Industrial Average rose 217.54 points, or 0.5%, to 44,458.30.

The Nasdaq composite rose 192.87 points, or 0.9%, to 20,611.34.

The Russell 2000 index of smaller companies rose 23.75 points, or 1.1%, to 2,252.49.