Wall Street’s main indexes added to gains in a choppy session on Thursday, as investors showed some optimism on trade after Bloomberg reported that the United States is considering delaying imposing tariffs on Mexican imports.
The report cited unidentified sources saying that U.S. President Donald Trump could delay the tariffs he had threatened to put on Mexican goods as soon as Monday.
This gave investors some hope. But Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey, was cautious.
“When you have a fluid situation like this in terms of the tariffs, it calls for caution and patience on the part of investors,” said Krosby.
At 3:17 p.m. ET, the Dow Jones Industrial Average rose 161.08 points, or 0.63%, to 25,700.65, the S&P 500 gained 16.44 points, or 0.58%, to 2,842.59 and the Nasdaq Composite added 31.07 points, or 0.41%, to 7,606.54.
The S&P 500 was on track to register the third straight session of gains for the first time since mid-May.
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