Wall Street’s main indexes finished higher on Thursday, the second straight day of gains, as investors bought shares after US President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.
Investors have quickly returned to stock markets after Trump’s Wednesday U-turn. Still, two days of gains have yet to fully erase losses the three US benchmarks took on Tuesday, when Trump’s tariff threats sent shivers through global markets.
The Dow Jones Industrial Average rose 306.78 points, or 0.63 per cent, to 49,384.01, and the S&P 500 advanced 37.73 points, or 0.55 per cent, to 6,913.35. The Nasdaq Composite gained 211.20 points, or 0.91 per cent, to 23,436.02.
Earnings in focus
The earnings season is picking up pace and could test market sentiment as companies detail how consumer demand, cost pressures and a bumpy macro backdrop…
