US stock indices rose on Thursday as markets analyze the latest statements and signals from China and the White House on the trade war.
Wall Street was boosted by a drop in US treasury yield while investors await important quarterly results from major tech corporations.
US 10-year treasury yields fell 4.7 basis points today to 4.34%, while two-year yields slipped to 3.83%, as 30-year yields dropped to 4.791%.
The US administration said it’s considering a drop in China tariffs from 145% currently to 50%, boosting most assets.
Trump stated on Tuesday that current tariffs on Chinese imports are “too high” and won’t stay long this way, but won’t fall to zero.
Trump stated that he’s talking daily with the Chinese side to reach a deal, but China asserted there are no talks taking place currently with the US before removing unilateral tariffs.
Otherwise, earlier data showed US unemployment claims rose to 222 thousand in the week ending April 19, matching estimates and up from 216 thousand in the previous reading.
On trading, Dow Jones rose 0.5% as of 14:53 GMT, or 185 points to 39,792 points, while S&P 500 added 1.1%, or 57 points to 5433 points, as NASDAQ rallied 1.6%, or 262 points to 16,973 points.
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