· Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs.
The Dow Jones Industrial Average closed up 115.97 points at 25,648.02 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,850.96 while the Nasdaq Composite rose 1.1% to 7,822.15.
· Three sources told CNBC the administration will delay those levies by up to six months. The news, which was first reported by Bloomberg News, sent auto stocks higher.
· European stocks made a comeback to trade higher Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs on European car imports.
The pan-European STOXX 600 closed provisionally 0.39% up in trade. Autos jumped 2.02 percent higher after initially being the weakest sector.
· Shares in Asia were mixed in Thursday morning trade, despite a positive development overnight on the global trade front.
The Nikkei 225 in Japan slipped 0.52% in early trade, while the Topix declined 0.41%. Over in South Korea, the Kospi fell 0.11%.
Australia’s ASX 200, on the other hand, rose 0.15% as the sectors mostly traded up.
Reference: CNBC
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